Smart Garage Raises Rs 2.4 Crore to Enhance AI Capabilities

Smart Garage, an innovative AI-driven auto-service marketplace, has successfully raised Rs 2.4 crore in a Pre-Series A funding round. This fundraising effort is part of an overall goal to gather Rs 15 crore. The company intends to secure the remaining Rs 12.6 crore within the next 12 to 18 months to support its expansion strategy and aims for a revenue run rate of Rs 80 crore by the conclusion of FY27. The identities of the investors involved have not been revealed. Startup Superb has made inquiries with Smart Garage for further details.

The funds will be allocated to enhance their AI capabilities, extend their partner network, and strengthen collaborations with Original Equipment Manufacturers (OEMs), insurance companies, and fleet operators.

About Smart Garage

Founded by Pawan Singh Raghuvanshi, Smart Garage operates a B2B2C platform that connects workshops, vehicle owners, insurers, and fleet operators through a comprehensive digital ecosystem. The startup has developed a network comprising over 500 partner garages in tier I and tier II cities, with ambitions to expand this to over 10,000 workshops by 2030.

Utilising AI and SaaS Tools

Smart Garage leverages AI and Software as a Service (SaaS) tools for various applications, including vehicle diagnostics, damage evaluations, predictive maintenance, and streamlining workflows for garages. The brand employs a hybrid revenue model, propelled by franchise operations and spare parts distribution. Additionally, plans are underway to introduce SaaS subscriptions and commission-based offerings.