Speedioo, a tech-enabled platform operating in the used two-wheeler segment, has raised ₹10 crore in a seed funding round led by Atomic Capital. The company’s first institutional fundraise will support the development of its AI-native technology stack, expansion into key demand centres, strengthening of OEM partnerships and scaling of its dealer partner and retail network.
The startup also plans to expand its retail footprint across cities through a scalable franchise model while strengthening its supply and operational infrastructure and adding senior leadership talent.
AI-led transformation at the core
As part of its technology roadmap, Speedioo plans to integrate artificial intelligence across its value chain to transform procurement, price discovery, vehicle assessment and selling price determination.
The company aims to leverage AI capabilities to improve efficiency and transparency while expanding its distribution network into three to four major cities and deepening its retail presence through a franchise-led growth model.
Rapid growth with profitability
Co-founded by Sagar Potphode and Ajit Deshmukh, both former senior operators at CredR and Rentomojo, Speedioo has delivered more than five-fold topline growth over the past 12 months while remaining EBITDA-positive and cash-flow positive.
The company said this performance is particularly significant in a category traditionally characterised by aggressive capital deployment and high cash burn.
Speedioo has crossed ₹30 crore in gross merchandise value (GMV) and sold more than 4,000 vehicles over the last year. The company has also sharpened its focus on premium two-wheelers, reflecting rising consumer aspirations and premiumisation trends within the pre-owned vehicle market.
Building a trusted mobility brand
Speedioo Co-Founder & CEO Sagar Potphode said, “At Speedioo, we are building much more than a used two-wheeler company. We are building a trusted and sustainable consumer brand for the next billion Indians aspiring to own personal mobility.”
He said two-wheelers serve as a critical enabler of livelihood, independence and opportunity for millions of Indians, but the sector continues to face challenges around trust, transparency and customer experience.
“Our vision is to build India’s most trusted omnichannel and technology-driven platform in this category by combining deep operational execution with innovative product and technology infrastructure,” Potphode said.
He added that while Tier-I cities remain important, the company’s long-term growth opportunity lies in Tier-II, III and IV markets, where affordability and accessibility play a larger role in mobility adoption.
Riding premiumisation trend
Speedioo currently works with more than 200 active dealers across Bengaluru, Mumbai and Pune and has established strategic partnerships with leading electric vehicle brands for exclusive exchange programmes.
The company aims to expand its dealer network tenfold over the coming year while also tapping into the emerging EV resale ecosystem.
Atomic Capital said the investment is backed by favourable structural trends in India’s used two-wheeler market.
Atomic Capital Founder & Managing Partner Apoorv Gautam said, “We are excited about the megatrends shaping India’s used two-wheeler category. The used market is roughly 1.5 times the size of the new two-wheeler market, and as Indian consumers grow more aspirational, premiumisation within the second-hand category is becoming a defining theme.”
Eyes ₹100 crore ARR
As part of its next phase of growth, Speedioo is targeting annual recurring revenue of more than ₹100 crore while expanding into new markets where demand for trusted mobility solutions continues to rise.
The company plans to diversify sourcing channels across interstate and intracity markets, strengthen OEM partnerships, deepen dealer penetration, introduce financing and warranty products, open additional retail stores and expand into new Tier-I, II, III and IV cities.
Expansion anchored on three pillars
Speedioo said its growth strategy is centred on supply expansion, demand creation and channel development.
The company plans to diversify vehicle acquisition channels, aggressively pursue opportunities in the fast-emerging EV resale ecosystem and increase dealer partner penetration in existing markets.
As part of its channel expansion strategy, Speedioo plans to open new retail stores in existing markets and enter two to three new cities during the current financial year. It will also invest in building large-scale customer experience and fulfilment capabilities supported by technology-driven operational infrastructur