Pitstop to invest USD 1 mn in Singapore to provide car service at doorstep
Pitstop, a City-based startup that provides car service at the doorstep, Friday said it would invest USD 1 million to expand operations in Singapore.
The company has floated a joint venture with Singapore-based GoldbellGroup to manage service and repair of vehicles in Singapore, a press release said.
Goldbell is a market leader in industrial vehicles and has operations in Malaysia and Vietnam, the release said.
The operations of Pitstop in Singapore have been launched with Goldbell Car Rental, a subsidiary of Goldbell Group, it said. Pitstop would be expanding its offerings to multiple fleets and end-customers, the release said.
"Pitstop will provide an end-to-end tech platform for Goldbell Car Rental to manage service and repair of an approximate 1,500 vehicles with a maximum of 50 workshops across Singapore when it is fully implemented," the release quoted founder and chief executive officer of PitstopMihir Mohan as saying.
The company has operations in Bengaluru, Delhi, Gurgaon, Mumbai, Pune, Chennai and Hyderabad.
Since inception in 2015, Pitstop has raised two rounds of funding worth USD 2.9 million from Blume Ventures and Goldbell Group.
(With inputs from agencies.)
Download The Devdiscourse News App for Latest News.