Auto service firm GoMechanic launches Rs 30 cr partner stock option scheme

Programme, which covers workshops, retailers, distributors and consultants pan-India, will have a 4-year vesting duration with yearly vesting at 25% and a cliff period of a year

GoMechanic, the aftermarket automotive service and maintenance platform, launched a Rs 30 crore partner stock option for its services partners, workshops, retailers, distributors and consultants across India.

The stock options will have a 4-year vesting duration with yearly vesting at 25% and a cliff period of one year.

Kushal Karwa, Co-Founder, GoMechanic, said, “The Partner Stock Option Programme is a step towards incentivising and strengthening our collaboration with our partner workshops by enabling them with the opportunity to participate in GoMechanic’s long-term value creation as well as expansion in the automotive sector.”

He added, “This will also enable us to