The funds raised will be used to improve operations and broaden the marketing scope and other capital expenditure.
10 Nov 2022 | 3140 Views | By Autocar Professional Bureau
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 ...
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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.