Posted by New Delhi: Full-stack mobility startup Automovill has raised undisclosed funding from Angel Bay, along with others.
Santosh Chandra CEO of Essar Oil & Gas Exploration and Production (Essar E&P), and executives from Google and PWC participated in this funding round. This funding is the top-up to the bridge round, which Automovill had raised in mid-July.
The full-stack mobility startup’s ambition is to provide tech-enabled solutions to customers and ensure a top-notch experience in terms of B2B car service management.
It already has served 1,00,000 plus orders across 12 cities and plans to expand its footprint in other geographies and deploy tech solutions. In order to execute the same, Automovill, plans to exhaust funds to widen its wings in 20 plus cities, and in ramping up the infrastructure.
“Automovill has been expanding at a great pace, clocking impressive numbers. With technology disrupting the auto service sector there’s 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 – AngelBay.
“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,” said Mridu Mahendra Das, Founder – Automovill.
“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,” added Das.
“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,” added said Essar E&P CEO, Santosh Chandra.
2016 founded full-stack mobility startup Automovill has a portfolio studded with 3 unicorns in the Indian Automotive sector that include names like Cars24, CarDekho, Uber. It plans to reach a mark of 25,000 orders, and presence across 20 cities by the end of the current fiscal.