Autobia raises $2.5 million in its seed funding round

Funding News

Autobia, a cutting-edge B2B platform for automotive aftersales and spare parts, has announced the successful completion of a $2.5 million seed funding round. The investment round was led by Sadu Capital and supported by Wa’ed Ventures by Aramco, Raz Holding, Techstars, and a group of angel investors.

Launched in 2021 by Emad Daghreri, a serial entrepreneur and partner at Tam, with one successful IPO under his built, and Ahmed Alawfi, a strategic leader and seasoned entrepreneur with a robust background in technology and investment, Autobia seeks to reshape the automotive aftersales market in Saudi Arabia by offering a seamless platform for retailers and maintenance shops to order wholesale spare parts through its app. The platform creates a streamlined supply chain, bridging the gap between supply and demand while giving businesses access to the digital and logistical infrastructure necessary for success in a rapidly evolving market.

Emad Daghreri, highlights their goal of empowering businesses with efficient selling capabilities through data-driven innovation, optimized pricing strategies, trend identification, and personalized recommendations.

The recent funding will be utilized to further Autobia’s expansion within Saudi Arabia, attract new segments in the automotive aftersales industry and its adjacent markets, and invest in talent acquisition and technology development to strengthen its data-driven approach and infrastructure capabilities.

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