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.”