Autobia announced a 12 million dollar Series A led by Artal Capital, with Aljazira Capital and Wa’ed Ventures participating. The Saudi spare-parts platform plans to use the funding for domestic expansion, logistics and inventory financing. Its services connect retailers and wholesalers with suppliers while offering payment arrangements for stock purchases and end customers.
Saudi auto-parts business Autobia announced a 12 million dollar Series A led by Artal Capital. Aljazira Capital and Wa’ed Ventures, the venture-capital arm of Saudi Aramco, also participated. The company plans to expand across Saudi Arabia with the new funding. Emad Daghreri and Ahmed Alawfi founded Autobia in 2021; Daghreri serves as chief executive and Alawfi as chief operating officer.[1], [2]
Autobia operates a digital marketplace connecting spare-parts retailers and wholesalers with verified suppliers. Procurement, fulfilment and logistics sit alongside inventory financing in its services. Businesses can acquire stock on flexible payment terms, while payments from their own customers can be managed through licensed payment and buy-now-pay-later providers. The platform therefore handles both the sourcing of spare parts and payment arrangements for participating businesses.[1]
The company’s announced uses of the capital include stronger logistics and fulfilment infrastructure, development of its dynamic-pricing technology and broader inventory-on-terms services. Alawfi linked wider access to financial services to helping customers manage working-capital constraints. The new round follows a 2.5 million dollar seed investment in 2023, led by Sadu Capital with Wa’ed Ventures, Raz Holding, Techstars and angel investors participating.[1]
