Reinventing Vehicle Ownership in Latin America
AI-powered diagnostics, comprehensive marketplace, and vetted service providers transforming the $65B Latin American automotive services market.
A Fragmented Market Costing Billions
Latin American vehicle owners face a broken ecosystem that leads to unnecessary costs and preventable vehicle depreciation.
Fragmented Services
Services scattered across multiple offline providers with no centralized access or quality assurance.
High Costs & Low Trust
Owners face inflated prices and inconsistent quality with zero transparency in pricing or provider credentials.
Poor Maintenance
Leads to faster vehicle depreciation and unexpected breakdowns that could have been prevented.
Market Scale
Annual spending in vehicle services
increased from $40B (2015) to $65B (2025)
One Platform, Complete Solution
AutoCover unifies every aspect of vehicle care into a seamless, AI-powered mobile experience.
AI Mechanic
Fast, trustworthy diagnostics powered by advanced AI that understands symptoms and provides accurate assessments.
Parts Marketplace
Comprehensive marketplace for spare parts with verified sellers and competitive pricing.
Service Marketplace
All types of car services from oil changes to detailing, with seamless booking and scheduling.
Workshop Dashboard
Professional tools for workshops to manage orders, appointments, and customer relationships.
Key Strengths
Frictionless Experience
One app for diagnostics, shopping, and service booking. No more juggling multiple providers.
Trusted Providers
Thoroughly vetted workshops and sellers with transparent pricing and verified reviews.
Flexible for All Users
Built for both vehicle owners seeking convenience and workshops needing efficient management tools.
Scalable Revenue
Transaction-based model with multiple revenue streams and high margins as we scale.
Profitable from Day One
Transaction-based revenue model with multiple streams and no subscription barriers to entry.
Transaction Commissions
Revenue generated from every parts purchase and service booking, ensuring aligned incentives with our users.
Upsell Opportunities
Premium features for workshops including priority listing, advanced analytics, and marketing tools.
High Scalability
No subscription fees means lower barrier to entry, faster user acquisition, and exponential growth potential.
Why No Subscriptions?
By eliminating subscription fees, we remove friction for both vehicle owners and workshops, enabling rapid market penetration and creating a true network effect that benefits everyone in the ecosystem.
A Massive, Untapped Market
Latin America represents one of the last major automotive markets without a dominant digital solution.
Total Addressable Market
Target Segments
- Individual vehicle owners seeking convenience and transparency
- Small to medium workshops needing digital transformation
- Parts suppliers looking for direct customer access
Market Growth Projection
12% annual growth rate
Total Addressable Market by Region
Why Now?
- Smartphone penetration in LATAM exceeds 70%, creating digital-first consumers
- COVID-19 accelerated adoption of on-demand services across all demographics
- AI technology maturity enables accurate automotive diagnostics at scale
- No dominant player has emerged, leaving market open for disruption
Exceptional Returns Potential
Conservative projections show strong profitability by Year 2 with exponential growth trajectory.
Projected Returns
Based on conservative market penetration of 2% in primary markets by Year 3, with expanding margins as network effects take hold.
Profit Projections
Achieving profitability in Year 2 with accelerating growth as platform effects compound and operational efficiency improves.
5-Year Revenue Projection
Unit Economics & Revenue Mix
Key Financial Metrics
Beautifully Designed, Built to Scale
Every interaction is crafted for simplicity, from AI diagnostics to workshop management.
AI Diagnosis
Describe symptoms, get instant analysis
Service Marketplace
Browse and book services instantly
Parts Shopping
Find verified parts from trusted sellers
Workshop Selection
Choose from vetted professionals
World-Class Team
Combining deep technical expertise with proven operational experience in Latin American markets.
Juan David Caputo
CEO & Co-Founder
Finance leader with 10 years in fintech, specializing in marketplace monetization.
Andrés Movilla
CTO & Co-Founder
Former tech lead at major fintech companies, specializing in scalable marketplace platforms.
Kevin Bustamante
COO & Co-Founder
Strategic operations expert with 12 years building service networks across emerging markets.
Backed by advisors from leading automotive, tech, and finance companies across Latin America, North America, and Europe.
Ready to Learn More?
Join us in transforming the future of vehicle ownership in Latin America. Let's discuss how we can work together.
Prefer email? Reach us at investors@autocover.com