Automoto raised $12M in the first tranche of its extended pre-seed funding round led by Venture Bridge to launch its first experience center for vehicle ownership.

Oct 21, 2024•9 months ago

Amount Raised

$12 Million

Round Type

seed

BengaluruFleet ManagementAutomotiveTransportation

Investors

High Net Worth IndividualsAngel InvestorsVenture Bridge

Description

Automoto has successfully completed the first tranche of its extended pre-seed funding round, attaining a valuation of Rs 100 crore. The funding will be utilized to establish an experience center that integrates its digital product offerings for vehicle ownership.

Company Information

Company

Automoto

Location

Bengaluru, Karnataka, India

About

Automoto focuses on quick service cum automotive care and addresses the entire range of vehicles from two-wheelers to commercial trucks. Automoto’s medium to long-term strategy would cover value-added services such as Insurance, IoT, connected vehicles, the marketplace, and analytics around automobiles. Our Moto 365 App It’s designed to become the next delta 4 product in the automotive space.

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Funding Insights

Based on industry data

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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