Motery Raises US$8 Million To Redefine Car Buying

Motery, a Kuwait-based fintech platform for car buyers, has secured US$8 million in a seed funding round. This investment will support the expansion of its services and strengthen its role in online vehicle purchasing and financing. 

Co-founded by Abdulla Al Ateeqi and Eng. Mohammad Al Abdulsalam in 2019, Motery enables customers to search for cars, compare financing options, and complete purchases online, offering a more convenient alternative to traditional car buying. 

The new funding will help improve the platform’s features and increase its presence in Kuwait’s automotive market. The round reflects investor confidence in Motery’s approach to modernizing vehicle transactions. 

In an interview with Inc. Arabia, Al Ateeqi told us that the latest funding milestone aligns with Motery’s mission to transform the car-buying experience by addressing key gaps in the market. “We’re tackling the lack of a seamless, all-in-one platform for car buying and after-sales," he said. "Motery will streamline the process, making it faster and more transparent, setting a new standard in Kuwait and beyond.”

He added, “We’ll allocate the funds to enhance our platform, expand our dealership network, and improve after-sales services like tinting, protection, and insurance. Key focuses include tech upgrades and customer experience, also adding artificial intelligence (AI) to simplify the process for customers.” 

Looking ahead, Al Ateeqi has ambitious plans to grow beyond Kuwait, with a strategic focus on regional expansion. "Yes, we’re eyeing expansion into the GCC region, particularly Saudi Arabia and the UAE, where there’s strong demand for digital automotive solutions, but we will test the market before expanding,” he shared. 

When asked about advice for aspiring entrepreneurs in the fintech and automotive sectors, Al Ateeqi emphasized the importance of a customer-centric approach. "Focus on solving real customer pain points, leverage technology creatively, and build strong partnerships with industry players to gain traction quickly,” he advised. 

Pictured in image is Abdulla Al Ateeqi, co-founder of Motery. Image courtesy Motery.