Key facts
- Speedioo raised Rs 10 crore from Atomic Capital.
- The startup's post-money valuation is Rs 40 crore.
- The funding will support expansion into a B2C model and AI integration.
- Speedioo plans to enter new markets including Delhi-NCR and Hyderabad.
- The company has achieved over fivefold growth and is EBITDA and cash-flow positive.
- Speedioo has recorded over Rs 30 crore in gross merchandise value.
Pune-based used two-wheeler startup Speedioo has raised Rs 10 crore from Atomic Capital, achieving a post-money valuation of Rs 40 crore. The company operates a full-stack B2B model, handling the sourcing, refurbishment, and distribution of used two-wheelers through dealer partners.
The fresh capital infusion is earmarked for transitioning into a business-to-consumer (B2C) model, enhancing its technology with an AI-native stack across procurement, assessment, and pricing, and expanding its senior leadership team. Speedioo also aims to deepen partnerships with original equipment manufacturers (OEMs) and grow its dealer network.
Currently active in Pune, Mumbai, and Bengaluru, Speedioo intends to expand into markets such as Delhi-NCR and Hyderabad, and also target Tier 2, 3, and 4 cities to address a significant supply-demand gap driven by affordability challenges.
Atomic Capital views the estimated $28 billion, largely unorganized used two-wheeler market as a significant opportunity, noting its size relative to the new vehicle market and the growing trend of premiumization. They believe the electrification of two-wheelers presents a new opening for organized, tech-driven players.
Founded in October 2024 by former CredR and Rentomojo executives, Speedioo has reported over fivefold growth in the past year, maintaining EBITDA and cash-flow positivity. The startup has achieved over Rs 30 crore in gross merchandise value (GMV) and sold more than 4,000 vehicles, with a target of over Rs 100 crore in annual recurring revenue within 12 to 18 months.