Automoto completes first tranche of extended pre-Seed funding round led by Venture Bridge
- Mumbai-based startup Automoto has successfully completed the first tranche of its extended pre-seed funding round, achieving a valuation of 100 crore INR, with major investment from Venture Bridge and various angel investors.
- Founded in 2018 by Sreeraj, Automoto is focused on creating a B2B2C Enterprise Management System that enhances the vehicle ownership experience in India, covering the entire lifecycle from purchase to servicing.
- The startup is set to launch its first experience center, aimed at integrating its digital products and showcasing its solutions to a wider audience, thereby validating its product-market fit.
- Co-founder and CEO Sreeraj emphasized the strategic importance of this funding for establishing Automoto as a significant player in resolving global vehicle ownership challenges.
Mumbai-based Automoto today announced the completion of the first tranche of its extended pre-seed funding round, at a valuation of 100 crore.
The round was led by Venture Bridge, a prominent startup incubator headquartered in Australia, and was supported by various angel investors and high-net-worth individuals (HNIs).
Among the notable investors are ex-senior executives from Shell, the former regional director of Autodesk, and several influential figures from the Indian tech ecosystem.
What does Automoto do?
Founded in 2018 by Sreeraj, Automoto is developing a B2B2C Enterprise Management System for vehicle ownership journeys and is poised to revolutionize the vehicle ownership experience in India.
The startup’s platform is designed to streamline and enhance the vehicle lifecycle journey, from purchase and servicing to customer engagement.
Notably, it is focused on rolling out its first experience centre, which will serve as an integration hub for all its digital products, showcasing its product-market fit to a broader audience.
Leadership comments
“Our current raise is strategically focused on the launch of our first experience center, which will integrate all of our digital offerings, enabling us to demonstrate the value proposition and viability of our solutions in real time,” said Sreeraj, Co-founder and CEO of Automoto.
“My team, along with the guidance of our strategic advisors, has taken a considerable amount of time to reach where we are today. We are fully committed to revolutionizing the neglected pillars of the vehicle ownership journey in India.”
The funds will not only accelerate the development of Automoto’s innovative solutions but also establish the company as a key player in addressing the challenges of vehicle ownership across the globe. Automoto’s
Here’s a summary of the funds, investors, startup, founders, and fundraising series based on the provided text:
Startup
- Name: Automoto
- Founded: 2018
- Location: Mumbai, India
- Business Focus: Developing a B2B2C Enterprise Management System for vehicle ownership journeys, aiming to enhance the vehicle lifecycle journey from purchase and servicing to customer engagement.
Founders
- Name: Sreeraj
- Position: Co-founder and CEO
Fundraising Series
- Series: Extended Pre-Seed Round
- Valuation: 100 crore INR
Funds and Investors
- Lead Investor: Venture Bridge (a prominent startup incubator headquartered in Australia)
- Supporting Investors: Various angel investors and high-net-worth individuals (HNIs), including:
- Ex-senior executives from Shell
- Former regional director of Autodesk
- Influential figures from the Indian tech ecosystem
Additional Information
- Goals of the Funding: To launch the first experience center that integrates all of Automoto’s digital offerings and to accelerate the development of its innovative solutions.
This summary encapsulates the key details regarding Automoto’s funding and operational insights as presented in the provided text.