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Mecho Secures Funding From Ingressive Capital To Promote Automobile Technology In Nigeria

Mecho Autotech, a Nigerian auto repair shop, has announced that it has secured and undisclosed amount of funding from Ingressive Capital, a VC targeting tech-enabled startups.

Mecho was one of the African startups selected to take part in the S21 batch of Y Combinator accelerator.

The investment according to a Mecho statement will positively impact the technological growth of the automobile sector in Nigeria and it is a great move to improve the certainty of quality assurance and reliable delivery of Auto care services.

The Chief Executive officer, Olusegun Owoade, said: “Mecho was launched in April 2021, although my team and I started the process of onboarding and vetting mechanics across the country in 2019.

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“The whole process took about two years before we were able to achieve what we have today. Mecho is a car technician matching platform that helps car owners maintain and repair vehicles with ease. We hope to solve the problem and close the gap between car owners, quality repair services and maintenance.“

Owoade ascertains that the new development will introduce the company to large organizations and fast-track the growth of Mecho Autotech.

“The partnership is of huge benefit to our company’s quest to actively build out a sales pipeline and business development. This is because Ingressive Capital will be providing support and networking opportunities by introducing Mecho to large companies running large fleets. I am happy because this will fast-track the growth of Mecho.”

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