CarFix ecosystem is currently comprised of 280 fully integrated repai rshops (with 500+ onboarded repair shops in total), all key spare parts distributors, dealers of most popular mass-market car brands, a major insurance company and the leading Russian auto lender. This ecosystem is continuously growing and evolving to accommodate the optimal supply and demand equilibrium along the entire vehicle lifecycle.
The existing CarFix ecosystem and software systems present a perfect staging ground to develop and deploy the blockchain technology described in the whitepaper. CarFix’s current business model, which is driven by the notions of transparency, efficiency and fair pricing, will be further empowered by the blockchain’s core premises ofd ecentralization and immutability of records. Implementation of multi-signature authorization mechanisms to verify transactional integrity will further morph the interrelationships between Market Participants into a single cohesive “Car Lifecycle Industry”.
Proceeds from the ICO will be used to develop and build the blockchain technology specifically tailored for the Vehicle Lifecycle Industry. CarFix current business model will be used to test the blockchain and subsequently proliferate its implementation beyond CarFix globally.
CarFix is founded as a transactional platform to upend the car repair industry.
Platform is created and launched.
“Proof of concept” attained with 3,000 customers served and 200 repair shops onboarded.
5M EUR raised from Tier 1 investors: Mail.ru Group, Kima Ventures, Solway Group, Foresight Capital, Similie Ventures.
CarFix platform becomes the largest chain of auto repair shops in Russia.
Onboarding of major authorized auto dealers.
Commenced integration with the largest Russian bank and insurance provider and with a major global fleet management company.
Commenced expansion into the US market: found local partner, mapped Los Angeles and South Florida based ecosystems of repair shops, spare parts distributors, insurance providers and auto dealers that are required for a successful deployment of CarFix plat.
150,000 customers on the CarFix platform, 500 repair shops, all major original and non-original spare parts supplied via third-party distributors.
Gross sales of $1 million per month, ICO.
Build a fully staffed development and programming team.
1 millionth customer on the CarFix platform, gross sales of $10 million per month.
- Alpha version of Vehicle lifecycle blockchain.
- CarFix ecosystem to include 800 – 1,000 repairs shops, key regional insurance companies and auto lenders, major vehicle manufacturers and their dealer networks, as well as all leading OEM’s via their existing distribution networks, full operational deployment in the US.
Beta version of Vehicle lifecycle blockchain.
- Stage 1: Vehicle lifecycle blockchain deployed across the entire CarFix ecosystem.
- Gross sales of $50 million per month.