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
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Autovert Technologies Private Limited
- Date of Incorporation 07 Apr, 2017
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$316.98 K (USD)101.18as on Mar 31, 2023
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Net Profit
$-88.36 K (USD)-320.42as on Mar 31, 2023
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EBITDA
$-11.22 K (USD)-129.5as on Mar 31, 2023
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Total Equity Funding
$194.32 K (USD)
in 3 rounds
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Latest Funding Round
$103.72 K (USD), Seed
Nov 22, 2022
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Investors
Ecofy
& 7 more
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Employee Count
Employee Count
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Acquired by
Ecofy
(Dec 13, 2022)
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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
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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 |
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| Mar, 2019 | Amount | Angel Round - Autovert | Valuation | Narasimha Prasad | |
| Oct, 2017 | Amount | Angel Round - Autovert | Valuation | Sudheendra Magdal |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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NP
Narasimha Prasad |
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Founded Year | Domain | Location |
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VG
VK Gopalakrishnan |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Autovert
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Autovert
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Overdue payments are collected from borrowers for multiple lenders.
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| domain | founded_year | HQ Location |
Automotive financing is provided via an app-based marketplace.
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| domain | founded_year | HQ Location |
Online auto loans for vehicles are provided through digital platforms.
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| domain | founded_year | HQ Location |
Provides financial loans for commercial vehicles, tractors, and MSMEs in rural areas.
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| domain | founded_year | HQ Location |
An online marketplace is facilitated for availing auto loans.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Autovert
Frequently Asked Questions about Autovert
When was Autovert founded?
Autovert was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Autovert located?
Autovert is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Autovert a funded company?
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.
What is the annual revenue of Autovert?
Annual revenue of Autovert is $316.98K as on Mar 31, 2023.
What does Autovert do?
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.
Who are the top competitors of Autovert?
Autovert's top competitors include CreditMate, Kuwy and Perpetuity Capital.
What products or services does Autovert offer?
Autovert offers FlexiOwn, Corporate Vehicle Leasing, EV As a Subscription, Roof-Top Solar Financing, and Battery As A Subscription.
Who are Autovert's investors?
Autovert has 8 investors. Key investors include Ecofy, Accretive Cleantech Finance, Narasimha Prasad, VK Gopalakrishnan, and Mudit Rastogi.
What is Autovert's valuation?
The valuation of Autovert is $1.84M as of Nov 2022.
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