Reported restructuring with undisclosed layoffs from a 40-person team; remaining full-time staff were moved to contract roles amid macroeconomic and FX pressure.
SourceOn-demand auto maintenance & repairs
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Lagos-based automotive aftersales startup that uses an app and vetted workshop network to book repairs, maintenance, inspections, and spare-parts services for individual car owners and fleet operators.
Primary product
On-demand auto maintenance, repairs, and fleet-management app
Founded
2021
Headquarters
Yaba, Lagos, Nigeria
Team size
40-50
Industry
Vehicle Repair and Maintenance
Sub-industry
Automotive aftersales marketplace
Offices
0 jobs at Mecho Autotech
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Business model
Stage
pre-Series A
Total raised
$5.3M
Latest round
pre-Series A · Sep 2023
Latest amount
$2.4M
Sep 2023 · Global Brain Corporation
strategic investment / pre-Series A
Apr 2023 · Global Brain Corporation
Feb 2022 · Future Africa
Nov 2021 · Ingressive Capital
Founders
Co-founder
Investors
Public messaging emphasizes quality control, transparency, convenience, and a tech-enabled customer-first approach built around vetted mechanics and reliable service delivery.
Compensation
No public compensation bands or salary data found.
Pricing
Commission on repairs and spare parts, plus subscription-based maintenance plans and wholesale spare-parts margins.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$1M-$10M
Estimated monthly visits
9.3K
Traffic estimate as of Nov 2024
Reported restructuring with undisclosed layoffs from a 40-person team; remaining full-time staff were moved to contract roles amid macroeconomic and FX pressure.
SourceFormer employees alleged delayed salaries, unpaid rent, electricity disconnections at the office, and senior departures including finance and sales heads.
SourceFormer employees alleged that a promised inventory-finance app announced alongside the 2023 funding round never launched.
SourceTechCabal · Dec 2024
Reported layoffs, contract conversions, and operating stress tied to inflation, FX volatility, and the cost of importing spare parts.
TechPoint Africa · Oct 2023
Explains the company’s data-driven angle, fleet dashboards, spare-parts expansion, and ambitious revenue potential.
TechCrunch · Sep 2023
Announced a $2.4M pre-Series A round and a pivot/expansion into wholesale after-sales spare-parts distribution.
TechMoran · May 2023
Covers the planned Mecho Mart marketplace and a new app version focused on fleet management and spare parts procurement.
TechCrunch · Feb 2022
Announced a $2.15M seed round and described the B2B/B2C repair-and-maintenance business model.