About Autovert
Autovert is a company based in Bengaluru (India) founded in 2016 by Sachin Mehta, Vinay Sharma, and Uday Disley was acquired by Ecofy in December 2022. Autovert has raised $194.32 thousand across 3 funding rounds from investors including Ecofy, Accretive Cleantech Finance and Narasimha Prasad. Autovert offers products and services including FlexiOwn, Corporate Vehicle Leasing, EV As a Subscription, Roof-Top Solar Financing, and Battery As A Subscription. Autovert operates in a competitive market with competitors including CreditMate, Kuwy, Perpetuity Capital, MDFC and DroomCredit, among others.
- Headquarter Bengaluru, India
- Founders Sachin Mehta, Vinay Sharma, Uday Disley
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsFinancial Services
- Email••••••••
- Website autovert.in
- Social LinkedIn X Facebook Instagram
- Acquired by Ecofy (Dec 2022)
- Legal Name Autovert Technologies Private Limited
- Date of Incorporation 07 Apr, 2017
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of Autovert
Autovert operates through Autovert Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Autovert Technologies Private Limited CIN U74999KA2017PTC102090 | Active | 07 Apr 2017 | Bangalore, Karnataka | ₹8.6 Cr | 51 | 2 | View details |
Products & Services of Autovert
Autovert offers a comprehensive portfolio of products and services, including FlexiOwn, Corporate Vehicle Leasing, EV As a Subscription, Roof-Top Solar Financing, and Battery As A Subscription.
Green asset financing for business EV ownership
Affordable EVs for employees and employers
Flexible ownership for electric vehicles
Hassle-free funding for solar installations
On-demand battery solutions for EV fleets
Funding Insights of Autovert
Autovert has successfully raised a total of $194.32K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $103.72 thousand completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $194,315
- Total Rounds 3
- Last Round Seed — $103,719
- First Round $20,283
(Oct 2017)
- Investors Count 7
All 3 funding rounds of Autovert with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2022 | $103,719 | Seed | $1.84M | Accretive Cleantech Finance | – |
| Mar 2019 | $70,313 | Angel Round | $7.08M | Narasimha Prasad | |
| Oct 2017 | $20,283 | Angel Round | $••••• | Sudheendra Magdal |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2022 | $1.84M | •••••••• |
| Mar 2019 | $7.08M | •••••••• |
Last known valuation $1.84M (Nov 2022). 8 investors in total: 2 institutional and 6 angel.
Investors in Autovert
Autovert has secured backing from 8 investors, including institutional and angel investors. Prominent investors backing the company include Ecofy, Accretive Cleantech Finance and Narasimha Prasad.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | accretivecleantechfinance.tcc.mode | - | |
NP Narasimha Prasad | - | – | unknown_4bfd2f1239ea4f8fb | - |
VG VK Gopalakrishnan | - | – | unknown_7e223ad7e32e41a78 | - |
MR Mudit Rastogi | - | – | unknown_89d6b240273d44b59 | - |
SM Sumeet Minocha | - | – | unknown_58f206974a1c4e96b | - |
SM Sudheendra Magdal | - | – | unknown_707edb12a5a74e75a | - |
UD Uday Disley | Angel investor and tech entrepreneur, co-founder of Netcore Cloud, active in startups | – | unknown_d76566ce9aef4110b | - |
Financial solutions for the electric vehicle, solar, and SME sectors | 2022 | ecofy.co.in | Mumbai, India |
Investor details for Autovert
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Autovert Technologies Private Limited (Autovert)
Autovert Technologies Private Limited is the primary company behind Autovert. The board of Autovert Technologies Private Limited currently have 2 directors; the longest-serving is Rajashree Nambiar, appointed in 2022. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajashree Nambiar DIN 06932632 | Director | 18 Nov 2022 | 3 yrs 10 mo | Autovert Technologies Private Limited |
| Govind Sankaranarayanan DIN 01951880 | Director | 18 Nov 2022 | 3 yrs 10 mo | Autovert Technologies Private Limited |
People of Autovert
3 people are tracked at Autovert (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & Director | Leadership | |
| Co-Founder & CTO | Leadership | |
| Co-Founder & Director | Leadership |
Complete people profiles for Autovert
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Autovert
Figures of Autovert Technologies Private Limited, the primary company behind Autovert, for FY 2025. Revenue was ₹8.61 Cr (+201% year on year). Net loss was -₹4.27 Cr (-50% margin). EBITDA was ₹27.5 Lakh (3% margin). Revenue has grown at a compounded annual rate of +87% over three years and +76% over five years.
- ₹8.61 CrRevenue · FY 2025 · +201% YoY
- -₹4.27 CrNet loss · -50% margin
- ₹27.5 LakhEBITDA · 3% margin
- ₹9.3 LakhPaid-up capital
- 51Employees (provident fund records)
- +87%Revenue CAGR, 3 years
- +76%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Autovert Technologies Private Limited are on its company page.
Detailed financial statements for Autovert
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Autovert
5 dated milestones of Autovert across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Autovert is founded.
- Funding First funding round of $20K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $104K.
- Exit Acquired by Ecofy.
Competitors of Autovert
Autovert operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CreditMate, Kuwy, Perpetuity Capital, MDFC and DroomCredit, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| creditmate.in | 2016 | Mumbai, India | $2.65M | 80 | Overdue payments are collected from borrowers for multiple lenders. | |
| kuwy.in | 2017 | Chennai, India | $7.02M | 471 | Automotive financing is provided via an app-based marketplace. | |
| perpetuitycapital.in | 2017 | Kolkata, India | $124,977 | 40 | Online auto loans for vehicles are provided through digital platforms. | |
| mdfc.in | 1996 | Sikar, India | – | 175 | Provides financial loans for commercial vehicles, tractors, and MSMEs in rural areas. | |
| droomcredit.com | 2017 | Delhi, India | – | 138 | An online marketplace is facilitated for availing auto loans. | |
| secondwheel.in | 2017 | Bhimavaram, India | – | – | Operates as an online aggregator for automotive financing solutions. | |
| recapitalindia.com | 2017 | Jaipur, India | – | – | Offers paperless loans for electric vehicle purchases in India. | |
| gomylz.com | 2021 | Delhi, India | – | – | Serves as an online platform for financing electric vehicles, simplifying access for consumers. |
Detailed competitors of Autovert
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Autovert
Complete news archive for Autovert
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Autovert
10 companies that operate in the same segment as Autovert (Automotive Retail & Aftersales), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Pre-owned vehicles are sold online with financing and valuation services. | 2012 | Phoenix, Arizona, United States | USD 460 M | USD 20.32 B | 17,400 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 716.48 M | USD 446.48 M | 3,992 | |
Pre-owned cars are certified, inspected, and traded online via Kavak. | 2016 | Lerma De Villada, Estado De Mexico, Mexico | USD 1.98 B | – | 2,500 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 206.3 M | – | – | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 | |
Second-hand cars are listed online to connect buyers and sellers. | 2003 | Mumbai, Maharashtra, India | USD 5.89 M | USD 5.28 M | 451 | |
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,000 | |
Retailer of new automobiles, used vehicles, and related automotive news | 2008 | Jaipur, Rajasthan, India | USD 60 M | USD 289.58 M | 721 |
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Frequently Asked Questions about Autovert
Autovert was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Autovert is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Autovert is a funded company, having raised a total of $194.32K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $20.28K, raised on Oct 2017.
The primary company behind Autovert, Autovert Technologies Private Limited, reported revenue of ₹8.61 Cr for FY 2025, up 201% year on year.
Autovert was founded in 2016 in Bengaluru, India, as an internet-first lender focused on the electric vehicle sector. Financing platforms are provided exclusively for connected and electric vehicles, including auto-finance products for electric bikes. Multiple financing options are available for users to select from, supporting the adoption of next-generation mobility solutions in the Indian market.
Autovert's top competitors include CreditMate, Kuwy and Perpetuity Capital.
Autovert offers FlexiOwn, Corporate Vehicle Leasing, EV As a Subscription, Roof-Top Solar Financing, and Battery As A Subscription.
Autovert has 8 investors. Key investors include Ecofy, Accretive Cleantech Finance, Narasimha Prasad, VK Gopalakrishnan, and Mudit Rastogi.
The valuation of Autovert is $1.84M as of Nov 2022.
Autovert operates through Autovert Technologies Private Limited.
Yes. Autovert was acquired by Ecofy in December 2022.
The legal entities of Autovert currently have 2 directors, including Rajashree Nambiar, Govind Sankaranarayanan.