By Adedapo Adesanya
A Nigerian platform, Mecho Autotech, which provides global auto spare parts and vehicle repair and maintenance services, has announced plans to launch a high-quality aftermarket and original OEM parts for wholesalers and business fleet owners.
That’s as it plans to launch version 2.0 of its vehicle management app that connects vehicle owners with qualified and verified mechanics in the third quarter of this year.
In a statement on Wednesday, the auto maintenance company announced that the soon-to-be-launched products signal a shift in strategy as Mecho seeks to double down on improving the fragmented and informal $6 billion auto aftermarket. Nigerian dollars, which is characterized by a lower quality level. auto parts and frequent stocks.
Among its new features, customers can access financing to pay for vehicle repairs and maintenance to preserve their cash flow. After undergoing an easy and quick verification process, eligible customers can receive overdrafts of up to N10 million, which are deposited into the Mecho app wallet.
Customers also have more flexible service options – they can drop off their vehicles at any of Mecho’s 100 partner workshops in Lagos, Abuja and Port Harcourt or arrange for collection.
In the enhanced Mecho 2.0 app, customers can track all their expenses, maintenance requests and vehicle history, while corporate fleet owners can manage multiple mechanics, including Mecho and other service providers. third parties, to streamline the maintenance and repair process in a simple way. application to use.
Mecho will also implement an IOT integration that will allow corporate fleet owners to track their vehicles on the Vehicle Management 2.0 app, which will be free to use.
The planned Mecho Mart, a high-quality, original OEM parts marketplace for wholesalers and business fleet owners, will enable customers to purchase genuine auto parts such as tires, shock absorbers, brake pads, lubricants and filters.
Through the marketplace, parts wholesalers can stock inventory with premium parts, secure financing, and increase profits by avoiding inventory.
Backed by Global Brains, a Japanese venture capital firm that invested a seven-figure sum in the company, Mecho aims to partner with global auto parts manufacturers to source genuine and affordable spare parts to build a chain of reliable supply of spare parts for vehicles. in Nigeria
Speaking on this, the CEO/Co-founder of the company, Olusegun Owoade said, “We learned that we needed to prioritize repairing the broken auto parts supply chain, a most pressing issue in the industry and an engine greater than its value.”
“Spare parts account for $6 billion of the $8 billion Nigerian vehicle aftermarket. Since turning our business around, we have served over 50 corporate fleet owners and spare parts wholesalers and provided spare parts from 5 global car manufacturers. By improving the availability of high quality spare parts, we believe we can play a role in improving vehicle longevity and road safety for Nigerians,” he said.
Founded in 2021 by Messrs. Olusegun Owoade and Ayoola Akinkunmi, Mecho Autotech provides repair and maintenance services to businesses and consumers through in-house and third-party service capability, which has passed rigorous assessments.
