Automovill to expand its presence, raises funds from AngelBay

1 month ago 13

Automovill has raised an undisclosed magnitude successful funds from AngelBay to expands its Indian presence. The institution presently operates successful 12 cities and plans connected expanding further.

Mridu Das_Founder and CEO, Chinmay Baruah, Co-Founder, Raman Sambu, Co-Founder & CBO

Automovill has raised an undisclosed magnitude from Angel Bay. The circular saw the information from Santosh Chandra CEO astatine Essar Oil & Gas Exploration and Production, and executives from Google and PWC. This circular is the top-up to the span round, which the marque raised successful mid-July.

While Automovill already has served 1,00,000+ orders crossed 12 cities, it plans to grow its footprint successful different geographies, and deploy tech solutions. To execute the same, Automovill, plans to usage the funds to grow to 20+ cities, and successful ramping up the infrastructure.

“Automovill has been expanding astatine a large pace, clocking awesome numbers. With exertion disrupting the car work assemblage determination is simply a immense scope that inactive needs to beryllium leveraged. Investing successful 1 of the fastest-growing mobility startups reinstates the wider horizons that are yet to beryllium explored,” said Sorabh Agarwal, Co-founder of AngelBay.

“The maturation successful the car work assemblage has been overwhelming. People are avoiding shared mobility which has fixed a boost to backstage vehicles and associated services. We are already dispersed crossed 12 cities getting a bully response, which has motivated america to penetrate deeper into the market. With the enactment of the close investors we are capable to rise consecutive rounds and catalyse our maturation rate,” said Mridu Mahendra Das, Co-founder & CEO, Automovill.

Santosh Chandra, the CEO astatine Essar Oil &Gas Exploration and Production, added, “The Mobility manufacture has been a delight for investors each crossed the world. In India, this was 1 of the unorganised sectors which explains the imaginable successful holds. Automovill with its refined concern model, close exertion involution and focussed attack volition beryllium capable to reap it to the best.”

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