Mecho Autotech gets $2.15M to expand vehicle maintenance and repair services in Nigeria –
Summary
On the other hand, the services of the aftermarket and roadside mechanics are pretty affordable to most vehicle owners, though quality varies; most times, it tilts to the flawed end. But in a country where most people buy used cars and hit the road with little or no regard to servicing — which causes repair and safety issues in the long run — Mecho Autotech’s proposition is appealing. Repairs that are supposed to take a few days would take weeks to complete.” He reached out to Akinkunmi, who has 10 years of experience as an automobile engineer and ran a Lagos-based vehicle maintenance outfit, to start Mecho. To reach this scale, the chief executive said his company has a success-based arrangement on the Google Play Store where it’ll employ a pay-per-download model in exchange for the platform pushing Mecho’s app. This is how we are trying to structure our supply base tailored towards B2B and the B2C side of the business.” The company said its round was “oversubscribed by over 300%” and claims to be the largest investment to date for a vehicle maintenance startup in sub-Saharan Africa, which is mainly because Mecho Autotech plays in a niche market with relatively few competitors.