Technology Supported Roadside Assistance and Towing Company #86202124

This business developed and commercialized a fast-growing, app-based service that provides a rapid, efficient response to roadside assistance requests. The resulting service reduces the time motorists spend stranded to half the current tow industry average. The company’s technology platform allows roadside assistance calls to come in through the app with real-time information for each unique request. The company’s unique, differentiated service is especially attractive to motor clubs, insurance providers, and law enforcement agencies. The technology eliminates the need for these entities to utilize a call center to connect the motorist with a nearby, active tow provider— saving time and money. This is an Uber-like platform for an industry that handles approximately 100 million unique events per year. Location: Texas Year Established: 2019 Number of Employees: 7 Real Estate: Leased Facilities: This business operates out of a shared workspace in Texas. Market Outlook/ Competition: • Strong Growth Potential— This business launched in 2020 and has increased revenue each month since March, 2021. The company is positioned for substantial, ongoing growth, with a goal of capturing 5% of the 100,000,000+ annual event tow market. The continued addition of new B2B clients, including motor clubs, retail aggregators, fleet owners, and trucking companies will support this success. • Experienced Management Team – The business’ quick success is due to an exceptional management team with significant experience and expertise in both tow operations and service technology. The marriage of industry expertise and a superior technology platform provides them with a strong competitive advantage • Superior End User Outcomes – The tow industry estimates an average arrival time of 60 minutes when responding to a roadside assistance call, but the actual arrival time is 77 minutes. This business estimates an average arrival time of 35 from engagement, but averages an actual arrival time of 24 minutes—68% better than the industry standard. Growth & Expansion: *Serve New Markets *Expand Into the OTR Trucking Market *Additional Motor Club Adoption