# DriveX: Automotive, Bengaluru, India

> DriveX: DriveX Mobility Pvt. Ltd. Based in Bengaluru, India. Founded 2020. What Millionrounds holds on them, and what we have not seen.

Source: https://millionrounds.com/startup/drivex (Millionrounds; every figure on the page links to its filing or article)

India · [Automotive startup](https://millionrounds.com/companies)

# DriveX

DriveX Mobility Pvt. Ltd.

Funding reported Last round: Corporate round

Automotive Bengaluru, India

Company summary

- **Founded:** 2020 6 years old
- **Team:** 160 51 to 200 people
- **Funding reported:** 850M as listed, currency not stated
- **Last round:** Corporate round Aug 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for DriveX has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About DriveX

DriveX Mobility Pvt. Ltd.

is an Indian technology company focused on the pre-owned two-wheeler market. Founded in April 2020 and based in Bengaluru, Karnataka, DriveX operates as a Direct-to-Consumer (D2C) brand and a Two-Sided Marketplace. The company aims to enhance the buying experience in India's unorganized pre-owned two-wheeler sector through a tech-enabled platform that sources, refurbishes, and sells used bikes. DriveX offers a range of services, including tech-enabled procurement, in-house refurbishment, quality assurance, vehicle financing, and post-purchase maintenance. Their core product consists of certified, refurbished pre-owned two-wheelers that meet high standards of quality and reliability. Each vehicle comes with a warranty and free service packages, catering to individual consumers, first-time buyers, and urban commuters seeking economical and dependable transportation options. The company has gained recognition in the market, especially after a majority stake acquisition by TVS Motor Company in November 2024.

## What company datasets say DriveX raised

Funding, as reported

Reported in all **850M** in the source's currency

Rounds **1**

Last round **Corporate round**

Last round date **Aug 2022**

Investors listed **1**

## On a portfolio page

Investors who name them

- [ValueBridge Capital](https://millionrounds.com/fund/valuebridge-capital)

Each firm lists DriveX on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

consumers vehicle evaluation 3 free services trusted platform competitive pricing motorcycle financing test ride vehicle service secure payment options vehicle inspection lightning fast service motor vehicle manufacturing information technology & services best value for money instant payment two-wheeler ecosystem

Built with from their website

Google Tag Manager Excel Impact Amazon CloudFront Google Sheets Salesforce CRM Analytics React Native PWA Microsoft PowerPoint Google Ads Google Workspace

+8 more

Viewport Meta Vite Lucide PostgreSQL Excel4Apps Facebook SDK python celery Cascade CMS

- **Sector:** Automotive
- **Industry code:** NAICS 441227, SIC 5599
- **Region:** Karnataka
- **Revenue:** 7M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/drivex)

## Automotive in India

Startups like it

- [**Yulu** Bengaluru · founded 2017 *Raised*](https://millionrounds.com/company/yulu)
- [**Ather Energy** Bangalore · founded 2013 *Raised*](https://millionrounds.com/company/ather-energy)
- [**Spinny** Gurugram · founded 2015 *Raised*](https://millionrounds.com/company/spinny)
- [**Ultraviolette Automotive** Bengaluru · founded 2016 *Raised*](https://millionrounds.com/company/ultraviolette-automotive)
- [**Truebil** Mumbai · founded 2015 *Raised*](https://millionrounds.com/company/truebil)
- [**myTVS (TVS Automobile Solutions)** Chennai · founded 2011](https://millionrounds.com/startup/mytvs-tvs-automobile-solutions)
- [**Kabira Mobility** Verna · founded 2019](https://millionrounds.com/startup/kabira-mobility)
- [**Mahindra Last Mile Mobility** Mumbai · founded 1994](https://millionrounds.com/startup/mahindra-last-mile-mobility)

## Is this your company?

Add your raise, your deck and your story, and put DriveX in front of investors. Or tell us what we have wrong.

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