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Acko Drive
Online automotive platform From Wikipedia, the free encyclopedia
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Acko Drive is an online automotive platform headquartered in Bengaluru. Launched in 2019, the platform includes services such as vehicle comparison, financing arrangements, and integrated insurance coverage.[1][2]
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History
Operated by Acko Insurance, an Indian digital insurance company, Acko Drive was introduced in 2019 as part of the company’s expansion into automotive services, initially collaborating with car dealerships in Bengaluru.[3][4] By 2024, the platform was operational in 12 Indian cities, including Delhi NCR, Mumbai, and Chennai.[5][6] Acko Insurance was founded in 2016 by Varun Dua and received regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI) in 2017.[7]
In 2022, Acko Drive began facilitating online car purchases and financing options through partnerships with banks and non-banking financial institutions.[8] Maintenance and repair services were later added, with two service centers operating in Bengaluru as of 2024.[9][10] The company has also collaborated with used-car platforms Zoomcar, Spinny and Cars24.[11][3]
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Operations
Acko Drive's services include vehicle comparisons, financing, insurance, and maintenance.[1] The platform operates in India’s digital automotive sector, competing with companies such as CarDekho and Droom.[11][3] In 2024, Acko reported insurance revenue of Rs.1,759 crore (approximately $210 million).[6]
References
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