Otovınn Receives 1 Million Dollars of Investment

Otovınn has brought after-sales services such as service, maintenance, protection, hairdresser, parking lot, tire change and valet that automobile users need. Otovınn is Turkey's most comprehensive automotive service platform. The platform received an investment of 1 million dollars under the leadership of Lonca GSYF and Teknogirişim GSYF managed by Kuveyt Türk's subsidiary KT Portfolio, with the participation of foreign investors.

Otovınn offers after-sales services for vehicles owned by corporate and individual users. Otovinn received a first-round investment of 310 thousand dollars (5 million TL) in 2020 under the leadership of Kuveyt Türk's subsidiary KT Portfolio Teknogirişim GSYF. Afterwards, this investment round was led by Lonca GDP under the management of KT Portfolio and Teknogirişim GSYF. With the participation of investors from abroad, it received a total investment of 1 million dollars with a valuation of 15 million dollars.

Otovinn was founded in 2013 by entrepreneurial businessman Serkan Bakırtaş. He gathered after-sales services such as service, maintenance and protection, hairdresser, parking lot, tire change, tow truck and valet that automobile users need in the mobile application. In addition, the vehicle carries out an important digital transformation project in after-sales services.

Hamit Kütük, General Manager of KT Portfolio Management, said the following in his assessment of the investment tour;

Otovınn's founder, Serkan Bakırtaş, stated that they aim to achieve rapid growth in the individual segment as well as the corporate segment with the new investment. He continued his words as follows;

Also see:İletmen Receives $150 Thousand Investment

Otovınn Continues Its Rapid Growth in 81 Cities

Otovinn has the most extensive service network in Turkey. It provides its users with fixed prices, quality and insured service and operational convenience at nearly 3,000 contracted service points in 81 provinces. Otovınn brings together after-sales services such as service, maintenance and protection, hairdresser, parking lot, tire change and valet that automobile users constantly need. By combining field operations and digital infrastructure, it offers a continuous and high-quality user experience. Otovınn provides control over operational expenses, especially for corporate users. For individual users, it provides control and convenience with cash, payment via mobile application or payment with QR code. Otovınn wants to increase the number of users and strengthen its field operations with the investment it has received. It also aims to expand abroad by improving the digitalization process with its software infrastructure.