Saudi’s Garage bags $260K in a Pre-Seed funding round from undisclosed investors

Saudi Arabia-based Garage, on Thursday, raised $260,000 in a Pre-Seed funding round various angel investors whose names are not disclosed yet.

LAFFAZ Media

Founded last month by Osama AlSalloum, Garage aims to digitize the vehicle service sector with alignment to Saudi Vision 2030 and contribute towards digital transformation in the country – creating jobs for graduates and youth. The company also aims to facilitate and develop express vehicle service by integrating it into an advanced and easy-to-use application that enables vehicle owners to ensure the quality of service provided and schedule it in a timely manner to them through certified garage partners.

Cutting-edge solutions to help businesses streamline their operations and increase efficiency.
ⓘ Advertisement

Commenting on the development, AlSalloum, CEO & Founder of Garage, in a press statement, said,

“Despite the presence of more than 12M 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. Together with our team, our partners, and investors, I aspire to succeed in digitizing this important sector and to provide a reliable, professional service with experienced technicians for all vehicle owners in the Kingdom.”

Yasser Al-Ghamdi, an angel investor in Garage in a statement, said,

“The automotive service sector in Saudi Arabia has not been affected by development and digitization 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.”

Garage is planning to deploy the funds towards its expansion in various regions and cities across the Kingdom of Saudi Arabia, including Dammam, Dhahran, and Khobar in 2021.

Editorial Staff
Editorial Staff

The Editorial Staff at LAFFAZ encompasses fandoms of startup culture, crazy researchers, data analysts and writers who decrypt strenuous information into graspable news, produce noteworthy features and compelling stories.

Connect with us!
Facebook ▸ Twitter ▸ Instagram

Leave a Reply

Your email address will not be published. Required fields are marked *