GoMechanic to Establish Dedicated Electric Vehicle Workshops in Delhi and Other Cities

Car servicing startup Gomechanic is getting ready to roll out dedicated electric vehicle workshops across key metro cities in India, including Delhi, Mumbai, Chennai, Bengaluru, and Hyderabad, amongst others, in the near future. This venture is being undertaken with the intention of capitalising on the growing demand for electric vehicle servicing that is being driven by the rapid adoption of electric mobility in India.

Although the firm did not reveal the precise date of the launch, it did state that it intends to stage one hundred workshops centred on electric vehicles (EVs) by the end of the fiscal year 2024-25 and to double the number of workshops by the end of the fiscal year 2026.

GoMechanic Plans to Service 10,000 EVs by March 2025

Muskan Kakkarb, the cofounder of GoMechanic, noted that these workshops will be equipped with cutting-edge technology, such as real-time diagnostics, battery health monitoring, and AI-powered predictive maintenance. This will ensure that electric vehicle customers receive the greatest possible level of service.

Hinamshu Aroira, another cofounder, stated that the company's objective is to not just broaden its service network but also to establish itself as a reliable partner for fleet operators and individual owners of electric vehicles. This will be accomplished by providing solutions that are both cost-effective and efficient, and they will be adapted exclusively for electric vehicles.

In December of the previous year, GoMechanic launched an electric vehicle (EV) service for fleet operators. This service was made possible through a partnership with MoEVing, a fleet operator that focusses on electric mobility.  In the past, it has offered its services to key electric vehicle (EV) players such as BluSmart, MoEVing, Zypp Electric, and Evera in both their three-wheeler and four-wheeler markets.

Financial dynamics of GoMechanic

It is noteworthy that in March of the previous year, Lifelong Group's Servizzy purchased GoMechanic after the company had been experiencing financial issues and was under inspection from authorities. The business has been trying to get its operations back on track ever since, and in the first quarter of FY25, it was able to produce an EBITDA profit. A revenue of INR 85 Cr was reportedly recorded by GoMechnanic during the first quarter of the current fiscal year, according to the company officials.

The company raised a healthy amount of $6 million in November 2023 through a round of funding that was led by an unidentified family office and also included involvement from other existing investors, including Stride Ventures. In addition, the car service company is increasing the number of product lines it offers. During the fiscal year 24 (FY24), it opened eleven Luxe boutiques that provided maintenance services for premium automobiles.

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As investments in electric vehicles soar, the future hinges on government policies. It, however, remains to be seen if India manages to hit a sweet spot in the EV sector.

StartupTalkyPrithvi Durai