Motor vehicle services startup AutoBrix acquires AI-based mostly auto assistance company Cartisan

Car-treatment assistance startup AutoBrix introduced on Thursday, November 5, that it has obtained Xenon Automotive-owned Cartisan.

With this acquisition, AutoBrix entered the automobile periodic servicing and repairs enterprise, allowing it to present doorstep automobile products and services to its clients. Cartisan founder, Venkat Sreeram will be becoming a member of AutoBrix as an advisor.

Bengaluru-centered AutoBrix was launched by Pratibha Shalini and Kalyandhar Vinukonda in 2018. It presents doorstep vehicle-treatment solutions to a more than 1 lakh consumers across all the Indian metro towns. The startup has raised $2.5 million throughout 3 rounds of funding from angel investors. Earlier, AutoBrix had acquired Washygo and Carnanny.

Founder, COO and CPO Prathibha mentioned in a release:

“A strong merchandise or support to our pre-recognized consumer foundation or likely new users in the new segment — these are the two most important parameters we glimpse for in any company just before acquiring. Cartisan delivers equally to AutoBrix…it will absolutely help us to quick-monitor our journey to capture far more market share.”

This acquisition will additional include new technological capabilities to AutoBrix in the type of a exclusive personal computer vision solution. The artificial intelligence technological innovation assists auto owners establish and evaluate the problems issue of their car or truck by capturing illustrations or photos by means of Autobrix app and create prompt standardised estimates of the repair service price. This will allow AutoBrix give clear and successful consumer particular companies and boost its expertise of the vehicle provider current market.

In accordance to IBEF, India became the fourth major car marketplace in 2019, displacing Germany. The Indian marketplace is more anticipated to displace Japan to turn into the 3rd-major car sector by 2021.

Founder of Taxi For Sure and trader in Cartisan Aprameya Radhakrishna reported, “The acquisition of Cartisan will allow Autobrix to quickly scale up their motor vehicle companies vertical and leverage expertise and technologies developed by the Cartisan group more than the final 5 yrs – to in the long run provide automobile house owners far better.”