Funding Alert

Automovill secures funds from AngelBay, plans to widen its wings across 20+ cities

• ByStartupStory     |    October 18, 2021

Automovill, a full-stack mobility start-up, announced Monday that it had raised an undisclosed amount from AngelBay to bolster infrastructure and expand its presence to more than 20 cities. The final round  to complete the bridge tour saw the participation of Santosh Chandra, CEO of Essar Oil & Gas Exploration and Production, and executives from Google and PWC. 

 The platform had previously received $0.5 million in capital in July as part of a bridging round from Mumbai Angels Network, as well as its existing investor NEDFi Venture Capital. 

 While the start-up has already placed more than 1,000,000 orders in 12 cities, it plans to expand its presence in other regions and deploy technology solutions, he said. 

 To do the same, Automovill plans to exhaust resources to expand its wings in more than 20 cities and expand infrastructure, the statement said. 

 Automovill has the ambition to provide technological solutions to customers and provide a first-class experience in  B2B automotive service management. 

 Automovil’s 360-degree technology approach, founded in 2016 in Guwahati, ensures an impeccable customer experience by providing trust, transparency and convenience. Since its inception, the platform, co-founded by Mridu Mahendra Das and Chinmay Baruah, has processed more than 100,000 cars for private and B2B customers. 

 The brand has dotted its portfolio  with 3 unicorns in the Indian automotive sector, including names like Cars24, CarDekho, Uber. It plans to reach 25,000 orders by the end of the current fiscal year and be present in 20 cities.

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