Fixcraft acquires auto spares brand, VMotive

Fixcraft operates in NCR and Bengaluru and plans to expand to 10 metros in a year's time.

Autocar Pro News Desk By Autocar Pro News Desk calendar 22 Jun 2022 Views icon6012 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Vivek Sharma, Founder and CEO, Fixcraft says the acquisition  will deepen its play in the repair and after sales segment

Vivek Sharma, Founder and CEO, Fixcraft says the acquisition will deepen its play in the repair and after sales segment

Fixcraft, a car repair and service startup has acquired VMotive, the automotive spares brand of Vogo. As part of the acquisition, employees of V-Motive will also join Fixcraft.

The company said that with the acquisition, it would strategically deepen its play in the Indian post-sales automotive market. Fixcraft operates in NCR and Bengaluru and plans to expand to 10 metros in the next 12 months.

With VMotive in its portfolio, the company hopes to enable the availability of genuine and quality spares available to dealers and workshops alike. "VMotive spares are made up to the specifications of leading automotive brands and thus, assure genuineness," the company said in a statement.

Vivek Sharma, Founder and CEO, Fixcraft said, "VMotive in Fixcraft’s portfolio of offerings makes our play in the post-sales car repair and service segment deeper across the entire value chain.”

Fixcraft aims to make service quality as its differentiator in a market. So far, it has raised a total of $ 2.5 million with a set of micro VCs and marquee angel investors including Good Capital, Bharat Founders’ fund, Maninder Gulati (Oyo), Rishab Malik (Droom, Jungle Ventures), Ashish Goel (UrbanLadder) and more, since it started operations in 2018.

 

RELATED ARTICLES
Bureau of Indian Standards introduces two new safety norms for EVs

auther Autocar Pro News Desk calendar24 Jun 2024

IS 18590: 2024 and IS 18606: 2024 focus on stringent safety requirements for the EV powertrain, as also battery performa...

BMW Motorrad to launch its first EV in India in July

auther Autocar Pro News Desk calendar23 Jun 2024

The BMW CE 04 electric scooter, which has a range of 130km and a top speed of 120kph,  will be BMW’s first electric two-...

Indian Oil signs mega 10-year LNG supply contract with Total Energies

auther Autocar Pro News Desk calendar20 Jun 2024

Total Energies has signed a sales and purchase agreement with Indian Oil Corporation for the delivery to India of up to ...