Robovac, an Ahmedabad-based startup, has today announced that it has secured around Rs. 3 crore in its angel funding round. Further, the company has revealed that it has merged its business with its rival, Enzo Solutions.
As a result of its merger with Enzo Solutions, the company has formed a new identity, named RobovacEnzo. This new entity will be run by Robovac founder Mohit Shah and Enzo Solutions founder Rahul Gonsalves. The representatives of angel investors will join the management as directors.
With the new capital coming to the company, the newly merged entity is now looking to expand its national presence through partnerships with public sector undertakings and offering franchises and licences on a pan-India basis. It is also eyeing at-home subscription services and service centres in new construction projects.
Robovac is an Ahmedabad-based car interior vacuum cleaning service provider. It has presence across 49 outlets across Gujarat in partnership with Indian Oil Corporation. It is a 4.2 Hp Vacuum, with a 55 litre storage tank, that completes interior cleaning in just around eight minutes. It is designed to be portable and fit on petrol and diesel retail outlets.
Apart from Indian Oil Corporation, the company has also entered into an agreement with Gujarat State Office and Hindustan Petroleum Corporation, North West Zone for setting up more than 1500 outlets.
On the other hand, Rival Enzo Solutions, which was founded in March 2013, offers waterless at-home car-wash services in cities including Chennai, Bengaluru, Visakhapatnam, Ahmedabad and Chandigarh.
Robovac has also built and designed a portable industrial strength commercial vacuum cleaner while Enzo Solutions uses a patented product for clearing and waxing solutions. However, both are waterless solutions.
Virendra Patel, chairman of Popular Group and angel investor in RobovacEnzo, said,
This is one of the largest untouched spaces and the business models created by RobovacEnzo can cater to both the markets, households as well as commercial, creating high returns.