Foot on accelerator, Automovill raises $?

Automovill trio - Mridu Das, Chinmay Baruah, Raman Sambu

Foot on accelerator, Automovill raises $?

Technology disrupting the auto service sector

Providing its service for nearly 2000 cars per month, Automovill has observed a massive 250% growth post-pandemic.  

NEW DELHI, Oct 18 (The CONNECT) - Automobile services startup Automovill has raised an undisclosed amount from Angel Bay with the 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.
The brand offers tech-enabled solutions to customers and has served 1,00,000+ orders across 12 cities.

Sorabh Agarwal, Co-founder of AngelBay said “Automovill 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.”

Automovill has its portfolio studded with 3 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.

“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 catalyse our growth rate,” said Mridu Mahendra Das, Founder, Automovill. 

Providing its service for nearly 2000 cars per month, Automovill has observed a massive 250% growth post-pandemic.  

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 unorganised sectors which explains the potential in holds. Automovill with its refined business model, right technology intervention and focussed approach will be able to reap it to the best.”

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