Automovill, an India-based full-stack mobility startup, raised an undisclosed amount from Angel Bay on 18 October 2021.
Investors: The round saw participation from Santosh Chandra, CEO at Essar Oil & Gas Exploration and Production, and executives from Google and PWC.
The Objectives behind the funding: The company plans to deploy the current proceeds to widen its wings in 20 plus cities and ramp up infrastructure.
Founded in 2015 by Chinmay Baruah, Mridu Mahendra Das and Ramana Sambu, Automovill is a unique platform to aggregate automobile service providers, where it connects vehicle owners with all kinds of automobile service providers under one roof. Its unified platform helps users book for the service they want, and Automovill handles the request with the nearest or most apt service provider in a hassle-free and efficient manner. Apart from car service, users can also search anything related to their vehicular needs like puncture, Bike Service, Seat Covers, Car Accessories, Towing Service, Car Wash etc. With its technology-driven & 360 degrees approach, Automovill enables the best experience by bringing transparency, building trust, and mitigating information asymmetry. Currently, Automovill is present in Bangalore, Hyderabad, Delhi-NCR, Pune, Guwahati and Kolkata.
What the Founder has to say:
“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 the right investors, we are able to raise consecutive rounds and catalyse our growth rate,” said Mridu Mahendra Das, Founder, Automovill.
What the Investors have to say:
“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," said Sorabh Agarwal, co-founder of AngelBay.
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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