Automoto, a Mumbai-based startup, has successfully completed the first part of its extended pre-seed funding round. The company is now valued at 100 crore. The funding round was led by Venture Bridge, a well-known startup incubator based in Australia. The round also received strong support from angel investors and high-net-worth individuals (HNIs). Among these investors are former senior executives from companies like Shell and Autodesk, as well as important players in India’s tech industry.
What is Automoto?
Automoto, founded in 2018 by Sreeraj, is creating a unique B2B2C Enterprise Management System to improve the vehicle ownership journey in India. The platform aims to make managing vehicles easier for both businesses and customers. From purchasing and servicing to customer engagement, Automoto’s system covers the entire lifecycle of vehicle ownership.
The startup is now preparing to launch its first experience center, which will act as a hub for all its digital products. This center will allow Automoto to showcase its solutions and their benefits to a wider audience.
Focus on Innovation
Sreeraj, the Co-founder and CEO of Automoto, explained that the current funding will be used to launch the experience center. He believes this will help Automoto demonstrate the real-world benefits of its platform and highlight how it can solve key challenges in vehicle ownership. “We have spent a lot of time developing our solutions, and with the help of our strategic advisors, we are committed to changing the way vehicle ownership is managed in India,” said Sreeraj.
Funding to Boost Growth
The funds raised in this round will be used to speed up the development of Automoto’s innovative solutions. The company aims to become a major player not just in India but also globally by addressing key problems in vehicle ownership. This funding marks a significant step in Automoto’s journey toward revolutionizing the vehicle industry.
