Autolab

About Autolab

Autolab, established in 2014, is a technology-driven company targeting the automotive after-sales service market in Latin America. Initially incubated by the venture builder Polymath Ventures, the company was created to address the gap between high-cost, brand-specific dealerships and a fragmented, often unreliable network of independent auto repair shops. The business was founded by Salvador Zepeda, who now serves as CEO. His background includes a B.S. in Industrial Engineering from Tecnológico de Monterrey, followed by roles at McKinsey & Company and a fellowship at Polymath Ventures, where he was involved in creating financial services for Colombia's middle class before launching Autolab.

The company operates a digital platform that provides management software to independent car service facilities, connecting them with a broader client base that includes both individual car owners and corporate fleets. This model helps standardize operations, automate customer service, and improve workload planning for the affiliated workshops. Autolab's revenue is generated by intermediating repair services and managing the supply of automotive parts through its network. For vehicle owners, the platform offers a trustworthy and convenient option for a wide array of services, from general maintenance and oil changes to more complex engine, electrical, and bodywork repairs. The value proposition rests on providing a reliable, high-quality service at more accessible prices than dealerships.

Autolab has demonstrated significant traction, securing multiple funding rounds to fuel its expansion. After an initial seed round in 2015, the company raised US$6.5 million in a seed and debt round in late 2021 to facilitate growth and product development. More recently, in August 2023, Autolab secured an additional US$4.1 million in a round led by Vertical Venture Partners and Haven Ventures. These capital infusions are aimed at expanding its network of allied workshops across Colombia and Mexico, with a stated goal of growing its fleet client base tenfold. The company already serves major fleet clients such as Enterprise, National, and Alamo and operates a network of over 150 repair shops.