Spinny acquires Scuoto

Spinny-Scuoto deal marks one of the first consolidations in the AI-powered used car solutions segment.

Autocar Pro News Desk By Autocar Pro News Desk calendar 10 Feb 2022 Views icon33630 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

Pre-owned car retailing platform, Spinny has acquired 100 percent stake in AI-powered Connected Car start-up, Scouto. The deal marks one of the first consolidations in the AI-powered used car solutions segment.

Founded by ex-racecar driver Akshay Gupta (CEO) & Shubham Sharma (CTO), Scouto has built an end-to-end Connected Car technology suite that provides detailed intelligence on car's health and performance, connects the vehicle owner to automotive service providers and improves the overall car ownership experience significantly. The company caters to the various start-ups in the automotive aftermarket and used car space in India.

Niraj Singh, founder & CEO of Spinny said “We are very excited about the integration and the synergies of Scouto with Spinny. By augmenting each other’s capabilities, we can accelerate towards building the country’s largest and the most trusted used car brand”

Scouto has built the entire technology-stack in-house and boasts of industry-beating hardware & software capabilities. The company believes that by building the entire technology ground-up with an integrated, Make-in-India approach, every vehicle in India can be transformed into a smart and connected vehicle.

Scuoto CEO, Akshay Gupta added that “We will accomplish our goals with Spinny and continue to design, build, and innovate new technologies that provide an unparalleled customer experience.” 

Tags: Spinny, Scuoto
RELATED ARTICLES
Mercedes-Benz India opens its first integrated 3S experience centre in Kochi

auther Autocar Pro News Desk calendar02 Feb 2023

Coastal Star sales and service experience centre uses 70% sustainable energy via solar panels and has a 180kW DC fast ch...

Growth-oriented Budget to be demand accelerator for India Auto Inc

auther Autocar Pro News Desk calendar02 Feb 2023

Demand-side measures with lowered direct taxes, infrastructure push and support to start-ups and MSMEs augur well to sti...

Hyundai Motor India surpasses 50,000 sales for the second time this fiscal in January

auther Autocar Pro News Desk calendar01 Feb 2023

Ongoing fiscal saw the company surpass the 50,000-unit monthly sales mark in July 2022; set to drive past the half-a-mil...