Automarket Nigeria

Founded in 2011 and headquartered in Lagos, Nigeria, Automarket Nigeria Ltd operates within the automotive sector, providing technology solutions aimed at facilitating vehicle transactions.Autochek Africa specializes in automotive technology solutions designed to enhance commerce within the automotive sector. The company's core offerings focus on improving access to auto loans, facilitating quality maintenance and after-sales services, providing warranty solutions, and creating transactional marketplaces. These solutions aim to address the challenges faced by individuals and businesses in acquiring vehicles, thereby making the process more accessible and affordable. Autochek operates in several key markets across Africa, including Nigeria, Ghana, Uganda, Kenya, Côte d'Ivoire, Senegal, Morocco, and Egypt, serving a diverse clientele that includes both end consumers seeking personal or commercial vehicles and businesses requiring efficient automotive services.Autochek generates revenue through a multifaceted transaction structure that includes B2B and direct-to-consumer models. The company collaborates with various partners to offer its services, which may involve subscription arrangements or partnerships with automotive service providers. The service also includes fees associated with maintenance and warranty solutions, further contributing to revenue streams. The company plans to enhance its product offerings and is likely focusing on launching new services to improve customer experience. Additionally, Automarket Nigeria Ltd aims to enter more markets within West Africa, leveraging recent investments to support these expansions and solidify its presence in the automotive technology sector.

1. Seed

   Oct 26, 2021

   Amount

   $13M

   Investors

   Locked

2. Seed

   Nov 18, 2020

   Amount

   $3.4M

   Investors

   Locked