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
-
Sectors
Transportation, Automotive & LogisticsFinancial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Autovert Technologies Private Limited
- Date of Incorporation 07 Apr, 2017
- Jurisdiction Bangalore North, Karnataka, India
-
Annual Revenue
$316.98 K (USD)101.18as on Mar 31, 2023
-
Net Profit
-$88.36 K (USD)-320.42as on Mar 31, 2023
-
EBITDA
-$11.22 K (USD)-129.5as on Mar 31, 2023
-
Total Equity Funding
$194.32 K (USD)
in 3 rounds
-
Latest Funding Round
$103.72 K (USD), Seed
Nov 22, 2022
-
Investors
Ecofy
& 7 more
-
Employee Count
Employee Count
-
Acquired by
Ecofy
(Dec 13, 2022)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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
People of Autovert
Unlock access to complete
Unlock access to complete
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 Total Funding
- Total Rounds 3
- Last Round Seed — $103,719
-
First Round
First Round
(25 Oct 2017)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Seed - Autovert | Valuation | Accretive Cleantech Finance |
|
| Mar, 2019 | Amount | Angel Round - Autovert | Valuation | Narasimha Prasad | |
| Oct, 2017 | Amount | Angel Round - Autovert | Valuation | Sudheendra Magdal |
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 |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
NP
Narasimha Prasad |
-
|
Founded Year | Domain | Location |
|
VG
VK Gopalakrishnan |
-
|
Founded Year | Domain | Location |
Investments & Acquisitions by Autovert
Financial Statements - Autovert
Autovert Comparisons
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 year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Overdue payments are collected from borrowers for multiple lenders.
|
|
| domain | founded_year | HQ Location |
Automotive financing is provided via an app-based marketplace.
|
|
| domain | founded_year | HQ Location |
Online auto loans for vehicles are provided through digital platforms.
|
|
| domain | founded_year | HQ Location |
Provides financial loans for commercial vehicles, tractors, and MSMEs in rural areas.
|
|
| domain | founded_year | HQ Location |
An online marketplace is facilitated for availing auto loans.
|
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 25, 2017.
Annual revenue of Autovert is $316.98K as on Mar 31, 2023.
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.