Auto-tech start-up Motorfloor raises pre-seed funding

Motorfloor intends to use the funding to expand product portfolios in the commercial mobility domain

by e4m Staff
Published: Jan 16, 2025 12:34 PM | 1 min read

Bhubaneswar-based Indiyanet has successfully raised a pre-seed funding round from PointOne Capital and a few angels to fuel its product portfolio expansion.

The raised funds will be utilized to expand the platform’s offerings in regional markets and expand more verticals in the mobility domain to better meet the growing demands.

Founded by Subrat Kar in 2024, the company runs Motorfloor and Trucksfloor, both dedicated to commercial vehicles and assists consumers in making informed buying decisions by offering comprehensive research tools to explore vehicle features, specifications, photos, on-road prices, and more.

Subrat Kar, Founder, said, “This funding will help us scale further, gain more traction in regional markets, expand our reach, and continue delivering exceptional value to our commercial automotive customers.”

Commenting on the investment, Ravish Ratnam, Managing Partner at PointOne Capital, said, “Motorfloor and Trucksfloor are well-positioned to meet the demands of the Bharat audience in the mobility domain, who are looking to purchase commercial vehicles. With their startup experience and deep understanding of the regional market, Subrat and his team are ideally positioned to capitalize on this opportunity.”