SheerDrive funding, investors and company details

SheerDrive is an emerging Automobile startup from Mumbai, working in the space of Digital platform that enhances the evaluation, pricing, and remarketing of pre-owned vehicles through the use of AI and machine learning. Founded by Ravi Mehra, Sajid Kakti, Mahesh Kale.

Company: Sheerdrive Private Limited
Sector: Automobile
Location: Mumbai
Founders: Ravi Mehra, Sajid Kakti, Mahesh Kale

Company overview

SeerDrive is a digital platform that enhances the evaluation, pricing, and remarketing of pre-owned vehicles through the use of AI and machine learning. It operates as a B2B auction marketplace, helping OEMs, banks, NBFCs, and dealers manage used vehicle programs with greater transparency and operational efficiency. The company is building a data-centric ecosystem for the used vehicle market, offering solutions such as vehicle inspection, repair cost estimation, assured pricing, and omnichannel remarketing. Its AI-powered scanning and grading tools enable precise vehicle assessments, allowing dealerships and financial institutions to streamline procurement and resale processes. By combining pricing assurance with repair estimation, SeerDrive brings standardization and clarity to the otherwise fragmented used car market. The company also highlighted its capabilities at the Bharat Mobility Show 2024, signaling its intent to scale within India’s rapidly growing pre-owned vehicle segment. With a team of over 170 employees across the country, SeerDrive continues to expand its footprint. Its long-term vision is to have at least 40% of new car dealers adopt its solutions, positioning itself as a key driver of digital transformation in automotive remarketing.

Funding rounds

Latest round (Pre Series A): Undisclosed Amount, 2023-01-17. Investors: JITO Angel Network, INSEAD Angels, Volrado Venture Fund, Prajit Nanu (NIUM)