"Consumer-tech platform Speedioo has raised Rs 100 million, approximately US$ 1.06 million, in a seed funding round led by Atomic Capital. This marks the company’s first institutional fundraise.

The company plans to use the capital to build its AI-native technology stack, expand distribution across key demand centres in India, deepen partnerships with OEMs and scale its dealer partner and retail network.

As part of its expansion strategy, Speedioo also plans to grow its retail footprint across cities through a scalable franchise model. The company will also strengthen its supply and operational infrastructure, along with expanding its senior leadership team.

Speedioo plans to integrate its value chain end-to-end through an AI-enabled platform. The platform will support core processes such as procurement, price discovery, vehicle assessment and selling price by using new-age AI capabilities. The company aims to expand its distribution network into the top three to four cities and deepen its retail footprint through a franchise-led model.

Co-founded by Sagar Potphode and Ajit Deshmukh, both former senior operators at CredR and Rentomojo, Speedioo has grown more than five times in topline over the past 12 months while remaining EBITDA and cash-flow positive.

Sagar Potphode, Co-Founder and CEO, Speedioo, said the company is building a trusted and sustainable consumer brand for the next billion Indians aspiring to own personal mobility. He said a two-wheeler represents access to livelihood, independence and opportunity for a large part of India, while the category continues to face issues of low trust, poor transparency and inconsistent customer experience.

Potphode added that Speedioo aims to build India’s most trusted omnichannel and technology-driven platform in the category by combining operational execution with product and technology infrastructure. He said the long-term opportunity lies across Tier 2, 3 and 4 India, where accessibility and affordability are even more important.

Speedioo has crossed Rs 300 million, approximately US$ 3.18 million, in GMV and sold over 4,000 vehicles in the past year. The company has also sharpened its focus on high-end models, reflecting premiumisation trends among aspirational customers in the second-hand category.

With strategic partnerships with leading EV brands for exclusive exchange programmes and more than 200 active dealers across Bengaluru, Mumbai and Pune, Speedioo aims to grow its network by ten times in the coming year.

Apoorv Gautam, Founder and Managing Partner, Atomic Capital, said India’s used two-wheeler category is being shaped by strong megatrends. He noted that the used market is roughly 1.5 times the size of the new two-wheeler market, while premiumisation and rapid electrification are opening new opportunities for organised, technology-led players.

As part of its next growth phase, Speedioo aims to cross Rs 1 billion, approximately US$ 10.59 million, in ARR while expanding into new markets where demand for trusted mobility solutions continues to rise.

The company’s plans include diversifying sourcing channels across interstate and intracity markets, strengthening OEM relationships, expanding dealer penetration, introducing financing and warranty products, opening additional retail stores and entering new Tier 1, 2, 3 and 4 markets.

Speedioo’s expansion strategy is based on three pillars: supply, demand and channel expansion. It also plans to focus on the emerging EV resale ecosystem and increase dealer partner penetration in existing cities.

India’s used two-wheeler market is estimated at about US$ 28 billion, equivalent to around Rs 2.64 trillion, and is roughly 1.5 times the volume of the new two-wheeler market. Despite its scale, the category remains over 95 per cent unorganised, creating opportunities for organised and capital-efficient players."