Saudi Arabia-based automotive startup Garage has secured SAR 1 million ($260,000) from angel investors.
The soon-to-be-launched startup looks to digitise the vehicle service sector in line with Saudi Vision 2030 to contribute to digital transformation and help to create job opportunities. It aims to consolidate express vehicle service into a unified, easy-to-use application.
“Despite the presence of more than 12 million vehicles in Saudi Arabia alone and at a continuous annual growth rate, the express vehicle service still has not lived up to the aspirations of consumers. As an owner of a vehicle, for example, I am still dealing in the same way that I did 25 years ago to maintain my vehicle, and this matter is totally unacceptable and it is time to change it,” said Osama AlSalloum, Garage CEO and founder.
The capital will help the company complete the building of its platform and get its operations off the ground.
“The automotive service sector in Saudi Arabia has not been affected by development and digitisation in line with the great development in the region, and we aspire in Garage to provide easy and integrated services that suit the aspirations of the new generation of young people, that include providing quality and easy services in the field of vehicle services. We, as investors, are counting on filling an important and viable gap in this area,” said Yasser Al-Ghamdi, an angel investor in Garage.
Garage will first launch its services in Dammam, Dhahran, and Khobar and plans to expand to the rest of the Kingdom during 2021.