Automovill raises Rs 2.15 crore in pre-series A round led by Inflection Point Ventures
The funds raised will be used to improve operations and broaden the marketing scope and other capital expenditure.
Automovill, a mobility services provider, has raised Rs 2.15 crore in a Pre-Series A round led by Inflection Point Ventures. The company has said the funds raised will primarily be used to expand the current scope of capital expenditure, including improving operations and broadening the marketing scope.
Following a hybrid and flexible business model, Automovil caters to both- B2B & B2C customers across the automotive aftersales ecosystem. Mitesh Shah, Co-Founder, Inflection Point Ventures stated that despite being amongst the largest of automotive markets, India’s post sales and services remain largely broken at multiple stages. “Automovill is tapping into this market which is highly expensive on the one end and totally unorganised on the other” Shah said.
Automovill Technologies was founded in 2015 by Mridu Mahendra Das, Chinmay Baruah and later joined by Ramana Sambu. At present, Automovill is present in 20 cities in India catering to retail customers and pan India clients from used car sellers, ride-hailing and auto insurance companies through its network of 200+ workshops.
RELATED ARTICLES
Next-Gen Tata Harrier and Safari Likely to Feature All-Wheel Drive System
The second-gen Harrier and new-gen Safari are codenamed Taurus and Leo, respectively.
Exclusive - Tata Motors Plots Comeback with New Nexon, Sierra, Avinya Brand and Compact Lifestyle SUV in Rs 35,000 Cr Overhaul
Tata targets ₹10–20 lakh sweet spot and premium electric space with multi-platform offensive across ICE, EV, and hybrid ...
Exclusive: Tata Motors Partners Desay SV to Accelerate Software-Defined Vehicle Strategy
Desay SV to support Tata Motors in building SDV platform for EVs and ICE vehicles across segments.