Mobility solution provider Automovill raises INR 2.15 crore in pre-series A Funding

Mobility solution provider Automovill raises INR 2.15 crore in pre-series A Funding

Automovill offers one stop solution for all automobile Services. Founded in 2016 in India’s Silicon Valley Bangalore by a trio of experienced partners, 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, to ride-hailing, and auto insurance companies. Automovill has taken a completely innovative and disruptive approach to build trust, transparency and Hassel Free for its customers. Its intention to reduce the ownership cost of the car with reduced TAT for service.

Automovill secures Rs 2.15 crore in a Pre-Series A round led by Inflection Point Ventures. In order to improve current products and bring about synergy in technology, the funds raised will primarily be used.

Mitesh Shah, Co-founder, Inflection Point Ventures says, “India is one of the largest automobile markets in the world. Automovill is tapping into this market and we are confident that with the disruptive and tech-enabled strategy of Automovill, we will see them growing faster than its peers at pan India level.”

Mridu Mahendra Das, Co-Founder and CEO, Automovill says, “The team has quickly picked up our business model and presented a very comprehensive analysis and data collection for Automovill. It reflected the perfect impression of Automovill. Everything was done in no time and hence the overwhelming response from the investors in IPV.”

With its technology driven & 360 degrees approach, Automovill enables the best of the experience by bringing transparency, building trust, and mitigating information asymmetry. It connects the car owners with most competent Garages/technicians with its AI rule engine system.

Currently Automovill is present in Bangalore, Hyderabad, Gurgaon, Pune, Mumbai, Guwahati, Kolkata, Jaipur, Ranchi and Patna.

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