Autobia Raises $12M Series A for Saudi Auto Parts Platform
Saudi B2B autotech startup Autobia has raised $12 million (SAR 45 million) in a Series A funding round. The round was led by Artal Capital, with participation from Aljazira Capital and Wa'ed Ventures, the venture capital arm of Saudi Aramco.
Co-founded in 2021 by Emad Daghreri and Ahmed Alawfi, Autobia operates a digital marketplace that connects auto parts retailers and wholesalers with verified suppliers. The platform offers integrated procurement, fulfilment, logistics, and inventory financing solutions. Businesses can buy inventory on flexible payment terms and manage end-customer payments through licensed payment and BNPL providers.
"Our ambition goes beyond digitising auto parts procurement. We are building a technology platform infrastructure that gives traditional auto parts businesses the intelligence, efficiency, and tools they need to compete and grow," said Emad Daghreri, Co-Founder and CEO of Autobia.
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Wassim Moukahhal, Head of Alternative Investments at Artal Capital, added: "Autobia is addressing a large and underserved market through a differentiated model that combines technology, operational execution, and embedded financial services. We aim to support the founders' vision and fulfil the platform's potential to become a critical part of the automotive after-sales infrastructure in Saudi Arabia and the wider region."
The new funding will support Autobia's expansion across Saudi Arabia, strengthen its logistics and fulfilment infrastructure, advance its dynamic pricing technology, and scale its inventory financing solutions. The company previously closed a $2.5 million Seed round in 2023.
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