BeepKart, an online platform for buying and selling used two-wheelers, raised $9 million in a Southeast Asia and India Series A round led by Vertex Ventures on October 19. The round also saw participation from existing investors Stellaris Venture Partners and Chiratae Ventures.

The new funding will be used for product development and expansion into other cities in India, the company said in a statement. Currently operating in Bengaluru, BeepKart is a mobility startup building a buyer-centric brand for used two-wheelers. The startup was founded in 2020 by Hemir Doshi and Abhishek Saraf.

“The BeepKart team has patiently built its playbook in Bengaluru, is profitable at the city level, and is ready to replicate elsewhere while continuing to learn gradually,” said Doshi, also BeepKart CEO.

BeepKart uses data and intelligence to help buyers browse refurbished BeepKart bikes, access bike inspection reports, book online and take test rides at home. The startup also said customers could buy bikes on the platform, pay the full fee, or take out a loan.

In early 2021, the company raised $3 million in seed funding led by Stellaris Venture Partners and Chiratae Ventures, who also participated in the round.