Advertisement

GoMechanic Launches Rs. 30 Cr Partner Stock Ownership Plan

The Partner Stock Option Program (PSOPs) will have a 4-year vesting duration with yearly vesting at 25 percent and a cliff period of one year.

Photo Credit : GoMechanic,

India's aftermarket automotive service and maintenance platform, GoMechanic has announced the launch of a Partners Incentive Plan for its services partners, workshops, retailers, distributors and consultants across India. The company has proposed to issue stocks worth Rs. 30 crore as a reward for its vast network of service partners. The stock options will have a 4-year vesting duration with yearly vesting at 25 percent and a cliff period of one year.

Focused on empowering growth through training opportunities, GoMechanic has also partnered with the National Skill Development Center (NSDC) to train 5000+ mechanics across 1,500+ workshops in India. The NSDC training, which starts on July 5, 2022, will be an integral part of the Government body’s Skill India Mission. The three-tier training module will comprise an intense 8-module curriculum covering every aspect of a car's construction and equips the mechanics with advanced skills. In addition, it will aim to create high-calibre job opportunities and adapt itself to the OEM industry standards.

The GoMechanic PSOPs are currently available to a select number of big partners that have been affiliated with GoMechanic for longer than a year. At the same time, it also intends to expand the advantages of this concept to newly onboarded partners.


Tags assigned to this article:
GoMechanic Automotive Service

Advertisement

Around The World