About The Automobile Association
The Automobile Association is a company based in Basingstoke (United Kingdom) founded in 1905 was acquired by Warburg Pincus in November 2020.. The company has 205 employees as of January 31, 2023. The Automobile Association has completed 3 acquisitions, including AA Drive Tech, Keycare and Prestige Car Servicing. The Automobile Association offers products and services including Breakdown Cover, Car Insurance, and Route Planner. The Automobile Association operates in a competitive market with competitors including Autoglass, ClickMechanic, Innovative Repair Group, MyCarNeedsA and Fixter, among others.
- Headquarter Basingstoke, United Kingdom
- Employees 205 as on 31 Jan, 2023
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Automobile Association Developments Limited.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$496.17 M (USD), Post-IPO
Dec 23, 2023
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Investors
Warburg Pincus
& 2 more
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Employee Count
205
as on Jan 31, 2023
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Investments & Acquisitions
AA Drive Tech
& 2 more
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Acquired by
Warburg Pincus
(Nov 24, 2020)
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Products & Services of The Automobile Association
The Automobile Association offers a comprehensive portfolio of products and services, including Breakdown Cover, Car Insurance, and Route Planner. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Assists with vehicle breakdowns and recovery services.
Provides coverage for vehicles against accidents and damage.
Offers tools for route mapping and traffic updates.
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Software Development Team
69 people
Finance and Accounting
25 people
Leadership Team
22 people
Product Management Team
19 people
Operations Team
18 people
Head Team
17 people
Sales and Marketing
11 people
Business Team
8 people
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Funding Insights of The Automobile Association
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $496.2M
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First Round
First Round
(23 Dec 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Post-IPO - The Automobile Association | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in The Automobile Association
The Automobile Association has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Warburg Pincus, Stonepeak and TowerBrook. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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TowerBrook is engaged in private equity and impact investments.
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Founded Year | Domain | Location | |
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A leading alternative investment firm specializing in infrastructure and real assets
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by The Automobile Association
The Automobile Association has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include AA Drive Tech, Keycare and Prestige Car Servicing. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online platform for booking garage services
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2005 | ||||
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Fleet risk management and driver education
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1990 | ||||
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Provider of key insurance and assistance services
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1977 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - The Automobile Association
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
The Automobile Association Comparisons
Competitors of The Automobile Association
The Automobile Association operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Autoglass, ClickMechanic, Innovative Repair Group, MyCarNeedsA and Fixter, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
On-demand vehicle glass repair and maintenance services are delivered online.
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| domain | founded_year | HQ Location |
Online garage aggregator for vehicle repair & maintenance services
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| domain | founded_year | HQ Location |
Provider of automotive vehicle repair and maintenance services
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| domain | founded_year | HQ Location |
Repair services are aggregated online via reverse-auction bidding by providers.
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| domain | founded_year | HQ Location |
Car maintenance services are facilitated via an online marketplace platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on The Automobile Association
Frequently Asked Questions about The Automobile Association
When was The Automobile Association founded?
The Automobile Association was founded in 1905 and raised its 1st funding round 118 years after it was founded.
Where is The Automobile Association located?
The Automobile Association is headquartered in Basingstoke, United Kingdom. It is registered at Basingstoke, Hampshire, United Kingdom.
How many employees does The Automobile Association have?
As of Jan 31, 2023, the latest employee count at The Automobile Association is 205.
What does The Automobile Association do?
The Automobile Association was established in 1905 and is headquartered in Basingstoke, United Kingdom. Operations focus on the motoring sector, where services including breakdown assistance, car insurance, driving instruction, personal loans, road navigation tools, and advisory support are delivered. Coverage extends across the UK, addressing various automotive needs for members and customers in this established industry.
Who are the top competitors of The Automobile Association?
The Automobile Association's top competitors include Fixter, Autoglass and ClickMechanic.
What products or services does The Automobile Association offer?
The Automobile Association offers Breakdown Cover, Car Insurance, and Route Planner.
How many acquisitions has The Automobile Association made?
The Automobile Association has made 3 acquisitions, including AA Drive Tech, Keycare, and Prestige Car Servicing.
Who are The Automobile Association's investors?
The Automobile Association has 3 investors. Key investors include Warburg Pincus, Stonepeak, and TowerBrook.