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Mecho Autotech Ltd - Company Overview, Founder, CEO, Funding & Investment Details

Complete information about Mecho Autotech Ltd including founder details, CEO information, total funding raised, headquarters location, team size, and recent investment rounds.

Mecho Autotech Ltd company logo

Automobile Maintenance | Automobile Repair | Automobile Spare Parts

Mecho Autotech is a Nigerian platform providing quality automotive spare parts, vehicle repairs, and maintenance services. It aims to address the scarcity of spare parts in Nigeria's automotive aftermarket.

HeadquartersYaba, Nigeria
Team size51-100
Founded2021

What is Mecho Autotech Ltd? - Company Overview & Details

Mecho Autotech Ltd is Mecho Autotech is a Nigerian platform providing quality automotive spare parts, vehicle repairs, and maintenance services. It aims to address the scarcity of spare parts in Nigeria's automotive aftermarket. Founded in 2021, the company is headquartered in Yaba, Nigeria.

Who Founded Mecho Autotech Ltd?

Mecho Autotech Ltd was founded by Olusegun Owoade, Ayoola Akinkunmi.

Who are the Key Executives at Mecho Autotech Ltd? - Leadership Team

Mecho Autotech Ltd is led by experienced executives in key positions:

Chief Executive Officer (CEO) of Mecho Autotech Ltd

Olusegun OwoadeCEO

Chief Technology Officer (CTO) of Mecho Autotech Ltd

.Zenith Wogwugwu.CTO

About Olusegun Owoade - CEO of Mecho Autotech Ltd

Olusegun Owoade serves as the Chief Executive Officer of Mecho Autotech Ltd, leading the company's strategic vision and operations.

Mecho Autotech Ltd Company Details & Key Information

Where is Mecho Autotech Ltd located?

Mecho Autotech Ltd is headquartered in Yaba, Nigeria.

How many employees does Mecho Autotech Ltd have?

Mecho Autotech Ltd has 51-100 employees.

When was Mecho Autotech Ltd founded?

Mecho Autotech Ltd was founded in 2021.

Mecho Autotech Ltd Official Website

How much funding has Mecho Autotech Ltd raised?

Mecho Autotech Ltd has raised $4.65 Million across 2 funding rounds. The most recent funding was completed on 2023-09-14.

Funding Overview

Mecho Autotech raised a total of $4.65 million in funding, including $2.4 million in a pre-Series A round to expand its spare parts distribution platform.

$4.65 Million
Total Funding Raised
2
Funding Rounds
2023-09-14
Latest Round

Mecho Autotech Ltd Funding History

Pre-Series A
2023-09-14
$2.4 Million
Seed
2022-02-09
$2.15 Million

Who are the key investors in Mecho Autotech Ltd?

Mecho Autotech Ltd is backed by 3 key investors including Global Brain Corporation, Ventures Platform, Uncovered Fund. These investors focus on Automotive, Software Development, Technology sectors.

Mecho Autotech Ltd Investor Overview

3
Key Investors
6
Focus Areas
3
Notable Investments

Complete List of Mecho Autotech Ltd Investors

Global Brain Corporation

A venture capital firm from Japan focusing on technology-driven startups.

Investment Focus
Automotive
Software Development
Notable Portfolio Companies
Mecho Autotech

Ventures Platform

A seed-stage fund investing in early-stage African tech startups.

Investment Focus
Technology
Infrastructure
Notable Portfolio Companies
Mecho Autotech

Uncovered Fund

A fund focusing on supporting innovative startups.

Investment Focus
Investment
Startup Development
Notable Portfolio Companies
Mecho Autotech

What sectors do Mecho Autotech Ltd investors focus on?

The investors backing Mecho Autotech Ltd primarily focus on Automotive, Software Development, Technology, Infrastructure, Investment, Startup Development sectors.

Automotive
Software Development
Technology
Infrastructure
Investment
Startup Development

Featured Investor: Global Brain Corporation

Global Brain Corporation

A venture capital firm from Japan focusing on technology-driven startups.

Notable Investments: Mecho Autotech

What are Mecho Autotech Ltd's future plans?

Mecho Autotech Ltd Mecho Autotech plans to enhance its service offerings and expand its spare parts distribution network.

Mecho Autotech Ltd Strategic Outlook

Strategic Focus
Defined
2
Key Challenges
2
Growth Opportunities

What challenges does Mecho Autotech Ltd face?

Mecho Autotech Ltd has identified 2 key challenges that need to be addressed for continued growth and success.

Key Challenges for Mecho Autotech Ltd

1

Scarcity of high-quality spare parts

2

Fragmented automotive market

What opportunities does Mecho Autotech Ltd have?

Mecho Autotech Ltd has identified 2 key opportunities for growth and market expansion.

Growth Opportunities for Mecho Autotech Ltd

1

Expanding B2B distribution platform

2

Improving automotive service technology

Mecho Autotech Ltd Strategic Position Summary

Key Focus Areas

Mecho Autotech Ltd is addressing 2 strategic challenges to strengthen its market position.

Growth Potential

The company has identified 2 key opportunities for expansion and growth.

What are the latest news about Mecho Autotech Ltd?

Mecho Autotech Ltd has 2 recent news updates covering key business developments and market activities.

Mecho Autotech Ltd News Overview

2
Recent Articles
Active
Media Coverage
2023-09-14
Latest Update

What is Mecho Autotech Ltd in the news for?

Mecho Autotech Ltd is currently featured in news for Mecho Autotech Limited launches B2B spare parts distribution platform. and other significant business developments.

Recent News Articles About Mecho Autotech Ltd

Article 1
2023-09-14

Mecho Autotech Limited launches B2B spare parts distribution platform.

Mecho Autotech raises $2.4 million to launch a B2B spare parts distribution platform to improve Nigeria's automotive market.

techcabal.com
Read News
Article 2
2023-09-11

Mecho Autotech Limited launches app for corporate fleet owners.

Mecho Autotech will launch an app for corporate fleet owners to manage vehicle data and maintenance financing.

techlabari.com
Read News

Mecho Autotech Ltd FAQ - Frequently Asked Questions About Founder, CEO, Funding & Company Details

Find answers to the most common questions about Mecho Autotech Ltd including information about founders, CEO, funding history, investors, headquarters location, and company details. 19 frequently asked questions covering key information about the company.

Mecho Autotech Ltd Questions & Answers - Company Information

Q1

What is Mecho Autotech Ltd?

Mecho Autotech is a Nigerian platform providing quality automotive spare parts, vehicle repairs, and maintenance services. It aims to address the scarcity of spare parts in Nigeria's automotive aftermarket.

Q2

Who founded Mecho Autotech Ltd?

Mecho Autotech Ltd was founded by Olusegun Owoade, Ayoola Akinkunmi.

Q3

Who is the CEO of Mecho Autotech Ltd?

The CEO of Mecho Autotech Ltd is Olusegun Owoade.

Q4

How much funding has Mecho Autotech Ltd raised?

Mecho Autotech Ltd has raised a total of $$4.65 Million across 2 funding rounds. The most recent funding was completed on 2023-09-14.

Q5

Who are the investors in Mecho Autotech Ltd?

Mecho Autotech Ltd's key investors include Global Brain Corporation, Ventures Platform, Uncovered Fund.

Q6

Where is Mecho Autotech Ltd headquartered?

Mecho Autotech Ltd is headquartered in Yaba, Nigeria.

Q7

When was Mecho Autotech Ltd founded?

Mecho Autotech Ltd was founded in 2021.

Q8

How many employees does Mecho Autotech Ltd have?

Mecho Autotech Ltd has 51-100 employees.

Q9

What is Mecho Autotech Ltd's official website?

You can visit Mecho Autotech Ltd's official website at https://mechoautotech.com.

Q10

What was Mecho Autotech Ltd's latest funding round?

Mecho Autotech Ltd's latest funding round was a Pre-Series A round of $$2.4 Million completed on 2023-09-14.

Q11

Who is founder?

Olusegun Owoade

Q12

Who is cto?

.Zenith Wogwugwu.

Q13

What does the company do?

Mecho Autotech provides quality automotive spare parts, vehicle repairs, and maintenance services.

Q14

How much funding?

$4.65 Million

Q15

Latest funding date?

2023-09-14

Q16

Who are the investors?

Global Brain Corporation Ventures Platform Uncovered Fund

Q17

What are the challenges?

Scarcity of high-quality spare parts Fragmented automotive market

Q18

What are the opportunities?

Expanding B2B distribution platform Improving automotive service technology

Q19

Latest news?

Mecho Autotech raises $2.4 million to launch a B2B spare parts distribution platform to improve Nigeria's automotive market. Mecho Autotech will launch an app for corporate fleet owners to manage vehicle data and maintenance financing.

More Information About Mecho Autotech Ltd

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