myTVS raises $44.1M Series D to take its aftermarket platform into MENA
What's the deal? TVS Automobile SolutionsDealroom has a profile for this one. Try Dealroom →, which owns the myTVSDealroom has a profile for this one. Try Dealroom → automotive aftermarket brand, has raised US$57.7M in a Series D round led by CE-InvestsDealroom has a profile for this one. Try Dealroom →, the strategic investment arm of UAE-based Crescent Enterprises.
What's the endgame? The money will fund myTVS' continued growth in India while it takes its technology-led model abroad. The partnership will initially target the Middle East and North Africa (MENA), where both companies see room to scale the platform for mobility and fleet businesses.
What does myTVS do? Part of the $3 billion TVS Mobility GroupDealroom has a profile for this one. Try Dealroom →, it runs an integrated aftermarket platform that pairs digital tools with a physical service network. It serves customers, fleet operators, carmakers, and EV manufacturers in India.
The numbers: myTVS hit EBITDA breakeven in FY26 and expects near-term growth of roughly 25% to 35%. It is accelerating investment in AI and technology to support scaling.
Who's backing it? Before this round, myTVS had raised about US$93.7M, including US$27.6M from LingottoDealroom has a profile for this one. Try Dealroom → (ExorDealroom has a profile for this one. Try Dealroom →) in 2022 and US$66.1M from CastrolDealroom has a profile for this one. Try Dealroom → in 2023.
Why now? CE-Invests gains access to myTVS' established platform in a region it sees as ripe for technology-led mobility solutions. For myTVS, the backer brings regional networks to develop opportunities across MENA.
"This investment is a further proof that this technology-led platform is capable of delivering a similar experience in other markets," said R. Dinesh, director at TVS Automobile Solutions.
Tushar Singhvi, deputy chief executive officer and head of investments at Crescent Enterprises, said the deal fits its "strategy of backing established, well-governed businesses with strong fundamentals, proven operating models."
The signal: At roughly $44.1 million, the round sits above the midpoint for its category, a mid-sized raise that reflects growing investor appetite for linking India's scale and talent with UAE capital and regional reach across the Middle East and Asia.
Read more: industrialeconomist.com
Image credit: USAG-Humphreys
