CAKNOW

CAKNOW is a mobile app that enables you to receive real-time bids for car repairs.

With a tap on your mobile device, CAKNOW instantly connects you with local auto mechanics who bid for your business.

The company is positioning itself to be the No. 1 app drivers use to discover local, reliable auto mechanics.

It’s targeting the U.S. auto repair industry that generates $63 billion in sales each year.

Simply submit a service request through the mobile app (an oil change, for example).

Then, you’ll receive price quotes and reviews from auto shops in your area.

Once you’ve selected a shop, you can use the app to make an appointment, ask questions, and even pay your bill.

In short, CAKNOW allows customers to receive the best price as auto shops compete for business…

And auto shops can use CAKNOW to attract customers and order parts through the company’s online auto parts store.

CAKNOW receives a 10% commission on all transactions, and earns revenue through ad sales from auto repair shops. In addition, the company earns a percentage of revenue of all sales through its auto parts store.

Following an investment from Bojiang Capital investment bank, CAKNOW launched in August 2017.

The app has more than 2,500 certified mechanics in the Los Angeles, California area. And based on internal forecasts, CAKNOW projects to reach 10,000 mechanics and 100,000 users across five states by December 2018.

Co-Investors

Bojiang Capital

China’s leading investment bank. Portfolio includes Fadada.com (company focused on electronic signatures) and RobotX Space (AI company).