Kuwait - Sharikat Mubasher: Motery, the innovative digital automotive service platform based in Kuwait, successfully completed its seed funding round at an $8 million valuation to solidify its position as a one-stop shop for online car buying and financing in the automotive sector.

The investment will enable Motery to expand its services and capture more transactions in the automotive market, the platform announced in a recent statement.

This round underscored investors’ confidence in Motery and validated its vision of becoming a leader in cutting-edge automotive solutions.

Commenting on this milestone, Abdulla Al Ateeqi, Co-founder of Motery, said: “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. 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.”

For his part, Mohammad Al Abdulsalam, Co-founder of Motery, stated: “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.”

To simplify the car buying journey, Motery enables customers to purchase vehicles online while offering flexible financing solutions tailored to their needs. With its intuitive platform, consumers can easily search for their ideal car, compare financing options, and complete their purchase, all from the convenience of their homes.

It is worth mentioning that Motery raised its $8 million seed round last December.