Vehicle services provider Automoto raises pre-seed funding

Mumbai-based Automoto has raised the first tranche of its extended pre-seed round at a valuation of INR 100 crore. The round was led by Venture Bridge and saw participation from angel investors and high-net-worth individuals (HNIs) including ex-senior executives from Shell, the former regional director of Autodesk, besides others.The funds will primarily be used to launch Automoto’s first experience center, which will serve as an integration hub for its digital products.Founded in 2018 by Sreera PVj, Automoto offers quick service and automotive care for a range of vehicles, from two-wheelers to commercial trucks. It is also developing a B2B2C Enterprise Management System for vehicle ownership journeys.