Mecho Autotech

On-demand auto maintenance & repairs

Lagos, Nigeria · Founded 2021 · $4.5M raised

Headquarters
Lagos
Employees
11–50
Founded
2021
Total Funding
$4.5M
Last Round
$2.4M Series ASep 2023
Rounds
3

Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.

About

It is cumbersome to maintain/repair vehicles in Africa. Vehicle owners currently have 2 options to choose from; very expensive and geographically limited branded mechanic garages (less than 1% of the supply pool) or unvetted roadside mechanics (about 99% of the supply pool). About 95% of vehicle owners cannot afford branded garages where quality and reliable service delivery can be guaranteed and thus rely on roadside mechanics. However, low quality and transparency are typical issues associated with roadside mechanics. We created a network of vetted mechanics, spare part vendors and an app that enables easy booking, payment and mechanic matching process. Via the mecho app, a customer or business can make a request for any automobile service (repairs or regular servicing) or part.

Summary

Mecho Autotech is an Automotive company based in Lagos, Nigeria, founded in 2021. It has raised $4.5M in total across 3 rounds, most recently a $2.4M Series A round in Sep 2023. Investors include Global Brain, Ventures Platform and Uncovered Fund.

Tech & App Stack

6 technologies & apps tracked

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Funding History

Series ASeries ASep 2023
$2.4M

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Funding: Pre-Seed through Series A. Amounts, valuations, and investors where available.

Investors

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