Nigerian startup Mecho Autotech has raised an undisclosed amount of funding from venture capital firm Ingressive Capital in order to improve the quality and reliability of auto care services.
The investment from Ingressive Capital, a seed-stage investment firm based in Nigeria, will help the startup connect with large organisations and accelerate its growth.
“We hope to solve the problem and close the gap between car owners, quality repair services and maintenance,” said chief executive officer (CEO) Olusegun Owoade.
“The partnership is of huge benefit to our company’s quest to actively build out a sales pipeline and business development. This is because Ingressive Capital will be providing support and networking opportunities by introducing Mecho to large companies running large fleets. I am happy because this will fast-track the growth of Mecho,” said Owoade.
Founded in 2019 and launched in April of this year ,Mecho Autotech is a robust and interactive technological platform that provides seamless vehicle maintenance, inspection, and repair services through a large network of certified mechanics and automobile technicians.
Mecho was one of the African startups selected for the S21 batch of the renowned Silicon Valley-based Y Combinator accelerator earlier this year.
Mecho Autotech enables people with fewer than five vehicles with vehicle maintenance. Vehicle service, auto-diagnosis for certain portions of the vehicle, and physical inspection are all part of routine maintenance.