Wash Out S.r.l.
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Wash Out S.r.l. - overview
Established
2016
Location
Milan, -, Italy
Primary Industry
Consumer Services
About
Wash Out S. r. l. provides mobile car and motorcycle cleaning services, utilizing proprietary technology to offer tailored solutions for private and business clients across Europe.
Founded in 2016 in Milan, Italy, Wash Out S. r. l. specializes in mobile cleaning services for vehicles.
The company has completed a total of 4 deals, with its most recent deal occurring on June 9, 2020, when Telepass S. p. A. acquired a controlling stake in Wash Out S.
r. l. for EUR 1. 000 mn.
The company is co-founded by Andrea Galassi, Christian Padovan, and Rohit Sharma. Wash Out S. R. L.
specializes in mobile car and motorcycle cleaning services, offering a comprehensive range of tailored solutions designed to meet the needs of both private and business clients. Their core offerings include professional detailing, car care treatments, and logistics services aimed at preparing new and used vehicles. The company employs proprietary technology to enhance service delivery, ensuring quality and flexibility while regularly updating their platforms to adapt to customer demands. The end-users primarily consist of vehicle owners seeking convenient, high-quality cleaning services delivered directly to their location.
Wash Out operates in multiple geographical markets across Europe, providing services to a diverse clientele that includes individual car owners, businesses with vehicle fleets, and automotive dealers. In the most recent year, 2023, Wash Out S. R. L.
reported a revenue of EUR 6,418,088. 90, with an EBITDA of EUR -762,646. 70. The company generates revenue through direct-to-consumer transactions and business partnerships, focusing on mobile auto cleaning services.
Customers can choose from various pricing tiers, with services for scooters starting at EUR 14. 90 and larger vehicles categorized into sizes with corresponding prices ranging from EUR 17. 90 for XS vehicles to EUR 29. 90 for premium services.
The company’s transactional structure facilitates flexible booking options through their dedicated apps and management platforms. Wash Out S. r. l.
is focused on expanding its market presence and enhancing its service offerings. The company plans to introduce new cleaning solutions aimed at both individual and corporate clients, with specific launch dates to be announced in the near future. Furthermore, they are targeting expansion into additional European markets, although specific regions have not been disclosed. The recent funding from Telepass S.
p. A. will be utilized to support these growth initiatives, enhancing operational capabilities and technology to meet increasing customer demands.
Current Investors
Boost Heroes, SAF Venture, Telepass S.p.A.
Primary Industry
Consumer Services
Sub Industries
Consumer Services
Website
www.washout-app.com
Verticals
Mobile Apps
Total Amount Raised
Subscriber access only
Wash Out S.r.l. - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 25,567 | 184,779 | 449,217 | 945,280 | 1,463,628 | - | - | - |
| % Revenue Growth (YoY) | - | 622.7% | 143.1% | 110.4% | 54.8% | - | - | - |
| EBITDA (USD) | (6,532) | (55,541) | (159,411) | (635,837) | (814,605) | - | - | - |
| Operating Income (USD) | (6,532) | (67,135) | (183,694) | (684,265) | (898,102) | - | - | - |
| Operating Margin | (25.5%) | (36.3%) | (40.9%) | (72.4%) | (61.4%) | - | - | - |
| % EBITDA Margin | (25.5%) | (30.1%) | (35.5%) | (67.3%) | (55.7%) | - | - | - |
| NET Income (USD) | (6,721) | (68,570) | (194,572) | (697,861) | (908,455) | - | - | - |
| % Net Margin | (26.3%) | (37.1%) | (43.3%) | (73.8%) | (62.1%) | - | - | - |
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