A full-stack mobility startup Automovil has raised an undisclosed amount from AngelBay, with participation from Santosh Chandra, CEO at Essar Oil & Gas Exploration and Production, and executives from Google and PWC. This round is the top up to the bridge round which brand raised in mid-July.
Automovil is ambitious to provide tech-enabled solutions to customers, and ensure a top-notch experience in terms of B2B car service management. While the brand already has served 1,00,000+ orders across 12 cities, it plans to expand its footprint in other geographies and deploy tech solutions. In order to execute the same, Automovil plans to exhaust funds to widen its wings in 20+ cities, and in ramping up the infrastructure.
Sorabh Agarwal, Co-founder, AngelBay, highlighted that Automovil has been expanding at a great pace, clocking impressive numbers. “With technology disrupting the auto service sector, there is a huge scope that still needs to be leveraged. Investing in one of the fastest growing mobility startups reinstates the wider horizons that are yet to be explored.”
Mridu Mahendra Das, Founder, Automovil, said the growth in the auto service sector has been overwhelming. “People are avoiding shared mobility which has given a boost to private vehicles and associated services. We are already spread across 12 cities getting a good response, which has motivated us to penetrate deeper into the market. With the support of right investors we are able to raise consecutive rounds and catalyze our growth rate.”
Santosh Chandra, CEO at Essar Oil & Gas Exploration and Production, said the mobility industry has been a delight for investors all across the world. “In India, this was one of the unorganized sectors which explains the potential it holds. Automovil with its refined business model, right technology intervention and focused approach will be able to reap it to the best.”
The brand has its portfolio studded with three Unicorns in Indian Automotive sector that include names like Cars24, CarDekho, Uber. It plans to reach a mark of 25K order, and presence across 20 cities by the end of current fiscal.
Founded in 2016 in Guwahati, Automovil’s tech-enabled 360-degree approach enables impeccable customer experience by bringing trust, transparency and convenience. Since its inception, the platform, co-founded by Mridu Mahendra Das and Chinmay Baruah, has handled 100,000+ cars for both retail customers and B2B clients.