Funding · Professional & Local Services
XCW Xtended Car Warranty raises Rs 25 crore
By Startup Enthusiast ·
- Date
- Company
- XCW Xtended Car Warranty
- What it does
- Vehicle extended warranty provider
- Kind
- Funding
- Amount
- Rs 25 crore
- Based in
- Mumbai
What they do
XCW Xtended Car Warranty offers extended protection plans for petrol, diesel, and electric vehicles beyond the manufacturer warranty period
What happened
The enterprise obtained Rs 25 crore in financial backing from APEX Capital Group to scale its vehicle protection operations
Why it matters
The new capital will support the expansion of its dealer network, claims infrastructure, technology platform, and customer service operations
The details
- XCW Xtended Car Warranty secured Rs 25 crore in a new funding round from APEX Capital Group to expand its operations across India.
- The fresh capital will be deployed to scale up the company dealer network, enhance its technology platform, and upgrade customer service operations.
- The investment will also help strengthen the claims infrastructure to support vehicle owners and dealership partners better.
- The Mumbai-based firm provides extended warranty solutions and protection plans for vehicles after the original manufacturer warranty expires.
- Its protection range encompasses essential mechanical assemblies like engines, transmissions, axles, steering mechanisms, stopping systems, and thermal regulators.
- The company also offers specialized protection plans tailored for electric vehicles, covering electric motors and high-voltage battery systems.
- The digital-first platform allows customers to complete vehicle inspections and purchase formalities online with service history verification.
The bigger picture
- The investment aims to help the company establish a wider presence in the growing Indian used-vehicle and car ownership ecosystem.
- The business intends to tie up with additional pre-owned vehicle sellers and industry participants to offer coverage right at the checkout counter.
About the business
- The company provides extended warranty coverage for vehicles once the standard manufacturer warranty period comes to an end.
- Its plans cover major mechanical and electrical components including engines, gearboxes, drivetrains, steering systems, and braking assemblies.
- Electric vehicle owners can purchase dedicated protection plans covering high-voltage battery systems and electric motors subject to terms.
- The company operates through direct-to-customer channels as well as partnerships with automotive dealerships and used-car businesses.
- It aims to simplify traditional paperwork by enabling digital vehicle inspections and cashless claims processing.
What happens next
- Expand the dealer network across India
- Upgrade the technology platform and customer service operations
- Strengthen claims infrastructure for vehicle owners
- Partner with additional used-car dealerships and automotive businesses
The deal
- Type
- funding
Investors
- APEX Capital Group (lead) — An investment firm that provided the Rs 25 crore capital for expansion.
Founders
- Capt. Gaurav Jadhav, Director
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