Wamda

Egypt

Mtor raises $2.8 million pre-Seed round led by Algebra Ventures

Egypt-based online car parts marketplace Mtor has raised a $2.8 million pre-Seed round, led by Algebra Ventures, with participation from...

Mtor Algebra Ventures automotive

Saudi Arabia

Autobia raises $2.5 million Seed round

Saudi Arabia-based B2B automotive platform Autobia has closed a $2.5 million Seed funding round, led by Sadu Capital and supported by...

Autobia Sadu Capital Wa'ed Vnetures

U.A.E

Gargash Group invests in Germany’s Blacklane

UAE-based Gargash Group has participated in the Series F round of the German chauffeur services provider “Blacklane”, along...

Gargash Group Blacklane automotive

Kuwait

Kuwait's Bnchr+ raises Seed round

Kuwait-based automotive startup Bnchr+ has raised its Seed round for an undisclosed amount, backed by ZGI partner Brilliant Labs in...

Bnchr+ automotive

Saudi Arabia

Speero raises $1.8 million in pre-Series A

Riyadh-based auto services and repair platform Speero, has raised $1.8 million (SAR 6.75 million) in a pre-Series A funding round...

Speero automotive

Jordan

CarSeer raises six-figure Seed investment

Jordan-based CarSeer, has secured a six-figure Seed investment from Arzan Venture Capital. Co-founded by Hashim Hasan and Amjad...

CarSeer automotive Arzan Venture Capital

Saudi Arabia

Garage raises $600,000 to fuel expansion

Saudi Arabia-based Garage has raised $600,000 (SAR 2.25 million) from a group of local angel investors. This brings the company's...

Garage app automotive Angel Investment

Global

UAE's ALFAHIM Group invests in Berlin-based Blacklane

Source: TechCrunch Blacklane — the Berlin startup that provides on-demand black-car chauffeur services in Berlin, London,...

AlFahim Group automotive sustainable mobility

U.A.E

Service My Car raises $10 million Seed round for expansion

UAE-based digital auto service and repair platform Service My Car, has raised $10 million from Oman-based Bahwan. Founded in 2018,...

Service My Car GCC seed round

U.A.E

Creative Zone acquires stake in MySyara

Dubai-based business setup advisory firm Creative Zone, has revealed that it was one of the investors in MySyara's $650,000 investment...

MySyara automotive Creative Zone

U.A.E

MySyara secures $650,000 in pre-Series A round

Dubai-based online automotive platform, MySyara, has secured a $650,000 pre-series A funding round. The investment was facilitated by JRC...

MySyara automotive Investment

Saudi Arabia

Garage raises $260,000

Saudi Arabia-based automotive startup Garage has secured SAR 1 million ($260,000) from angel investors. The soon-to-be-launched startup...

Garage automotive

U.A.E

Invygo raises $1 million in pre-Series A

UAE-based car subscription platform Invygo, has raised $1 million, as part of a pre-Series A funding round led by EQ2 ventures, Class 5...

Invygo automotive car rental

Saudi Arabia

PIF invests in SellAnyCar.com

Source: Bloomberg A unit of Saudi Arabia’s sovereign wealth fund is leading a $35 million funding round for...

sellanycar automotive

Regional

AlgoDriven raises $625,000 in Pre-Series A

Dubai-based automotive software company AlgoDriven has raised $625,000 in seed funding from domestic and international venture...

Seed funding automotive pre-Series A

Turkey

Two winners at GE 36-hour internet hackathon in Turkey

During the past weekend, GE hosted over 30 Turkish entrepreneurs and developers in the country’s first Industrial Internet Hackathon....

hackathon automotive

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