Michanic

Private

JohannesburgConsumer & Commercehttps://www.michanic.co.za/

Last Round

VC Round

Oct 22, 2025

Total Funding Raised

$514,000

Momentum

Top 25%

of companies Caplight tracks

Company Overview

Michanic is an automotive company that operates an online platform connecting customers and fleet owners with vetted mobile mechanics for on-site car maintenance and repair services.

Sector

Consumer & Commerce

Verticals

Home & Lifestyle, Fleet Management, E-commerce

Business Model

B2C

Customer Profile

Marketplace Commission, Subscription SaaS

AI Layer

Non-AI

Keywords

mobile mechanicon-demand car repairvehicle maintenanceuber for mechanicsfleet managementpre-purchase inspectioncar serviceautomotive diagnosticsservice marketplacemobile car serviceon-site repairvehicle service plangig economy mechanics

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Michanic Comps

Public and private peers based on sector, stage, and business model.

Michanic comps — public and private peers by sector, stage, and business model
Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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Michanic Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
VC Round	Oct 22, 2025
Grant	Dec 12, 2024
Debt	Jul 29, 2022

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Key People

Founding team and executive leadership

Lesetja Dikgale

Founder and CEO

Founding Team

Thabelo Mulelu

Chief Technology Officer

Executive Team

Michanic Investors

Notable investors and investment history

Michanic investors
Investor	Rounds
develoPPP Ventures	Grant
ASISA Enterprise and Supplier Development	VC Round
Edge Growth	VC Round

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Market signals

Structured signals derived from secondary market and firmographic data.

May 12, 2026
Grew 18% QoQ, from 51 to 60 employees.
Oct 15, 2024
Grew 36% QoQ, from 28 to 38 employees.

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Michanic Filings

SEC and related filings with document metadata.

Data table
Typed	Date	Amount Offered	Amount Sold	Filling	Pages	Download
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Michanic Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Michanic's valuation, stock price, and market status.

Firmographic Details

HeadquartersJohannesburg

Employee Range61

Year Founded2016

Last FundingOct 22, 2025

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