AutoMony Raises $3 Mn Series A Funding To Fuel Expansion Plans

AutoMony Raises $3 Mn Series A Funding To Fuel Expansion Plans

SUMMARY

The investment has come in from Asha Impact, Sundaram Finance and other HNIs

The funds will be used to expand in new geographies

AutoMony will also use the funds to strengthen its technology platform

Mumbai-based vehicle financing company AutoMony has raised $3 Mn in Series A funding. The investment has come in from Asha Impact, Sundaram Finance and other HNIs.

AutoMony cofounder and MD Rishab Bafna said the funds will be used to expand in new geographies and strengthen its technology platform. Founded in 2018 by Bafna and Shirish Godbole, AutoMony is primarily engaged in used and new vehicle financing including commercial vehicles, multi-utility vehicles and passenger vehicles.

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