Northerly Automotive Solutions Private Limited

Northerly Automotive Solutions Pvt Ltd, operating through GoBumpr, delivers a broad spectrum of automotive services, linking vehicle owners with certified service centers and mechanics to facilitate efficient vehicle maintenance and repairs. Founded in 2015, Northerly Automotive Solutions Private Limited is headquartered in Chennai, Tamil Nadu, India. The company focuses on providing a platform for vehicle maintenance and repair services through a network of authorized service centers and local mechanics. Northerly was acquired by TVS Automobile Solutions Private Limited in June 2019, though financial terms of the acquisition remain undisclosed.

As of the latest funding round, the company successfully closed a SEED round on June 29, 2021, raising INR 38. 240 mn from investors including Keiretsu Forum and The Chennai Angels, bringing the total amount raised to INR 38. 240 mn with a current valuation of INR 83,520. 820 mn.

GoBumpr specializes in offering a wide range of automotive services tailored to the needs of vehicle owners, leveraging a robust network of OEM Authorized Service Centers, multi-brand garages, and trusted local mechanics. Key offerings focus on vehicle maintenance and repair solutions, addressing common issues such as finding qualified mechanics, scheduling repairs, and ensuring the use of quality parts. The company supports individual car owners, fleet operators, and corporations in need of reliable automotive care, and operates in key urban centers with a high concentration of vehicle owners. In the most recent fiscal year of 2023, GoBumpr reported a revenue of INR 2,518,478.

60 with an EBITDA of INR -902,805. 70, highlighting the company's financial dynamics and operational challenges. Future growth strategies for Northerly Automotive Solutions include the potential launch of new automotive service offerings designed to expand their market presence. The funding raised during the SEED round will likely be allocated towards enhancing their platform capabilities and marketing efforts.

Although specific new markets or regions for expansion have not been disclosed, the firm is expected to capitalize on the growing automotive service sector. The acquisition by TVS Automobile Solutions may also facilitate entry into new regions, leveraging TVS's established presence in the automotive industry.