• Kuwait-based autotech/fintech startup Motery has raised a seed funding round for an undisclosed value at an $8 million valuation.
• Founded in 2029 by Mohammad Al Abdulsalam and Abdulla Al Ateeqi, Motery simplifies the car-buying journey by providing customers with the ability to purchase vehicles online while offering flexible financing solutions tailored to their needs.
• This investment will empower Motery to expand its services as a one-stop shop for online car buying and financing in the automotive sector.

Source: Fintech Finance News

Motery, an innovative fintech application revolutionizing the automotive purchasing landscape, is proud to announce the successful completion of its seed funding round, at an $8 million valuation. This strategic investment will empower Motery to expand its services and solidify its position as a one-stop shop for online car buying and financing in the automotive sector.

Motery simplifies the car buying journey by providing customers with the ability to purchase vehicles online while offering flexible financing solutions tailored to their needs. With our intuitive platform, consumers can easily search for their ideal car, compare financing options, and complete their purchase—all from the convenience of their homes.

The newly acquired funding will facilitate the enhancement of Motery’s services, enabling us to capture more transactions in Kuwait’s burgeoning automotive market. This successful funding round not only underscores investors’ confidence in Motery but also validates our vision of becoming a leader in cutting-edge automotive solutions.

“We are thrilled to have secured this funding at a strong valuation, which will allow us to accelerate our growth and continue innovating in the automotive space,” said Abdulla Al Ateeqi, Co-Founder of Motery. “Our mission is to simplify and elevate the car buying experience for consumers in Kuwait, and this investment is a crucial step toward achieving that goal.”

Eng. Mohammad Al Abdulsalam, Co-Founder of Motery, added, “This funding is a testament to our team’s hard work and dedication. We are excited to enhance our platform further, ensuring that our customers enjoy a seamless and efficient car buying process. Together, we are committed to driving the future of automotive financing in Kuwait.”

As Motery embarks on this exciting journey, we remain dedicated to providing exceptional service and technology that meet the evolving needs of our customers.