Redefining Car Buying & Financing in Kuwait
Kuwait-based autotech/fintech startup Motery has successfully closed a seed funding round at an $8 million valuation. While the exact investment amount remains undisclosed, the funding marks a significant milestone in Motery’s mission to transform the online car-buying and financing experience.
Founded in 2019 by Mohammad Al Abdulsalam and Abdulla Al Ateeqi, Motery is an innovative platform that simplifies the car purchasing process by allowing customers to buy vehicles online while offering flexible financing solutions tailored to their needs.
A Seamless Online Car Buying Experience
Motery is a one-stop shop for car buyers, enabling them to:
🚗 Browse & compare vehicles effortlessly
💰 Explore multiple financing options in one place
📄 Complete the purchase process online without hassle
🏡 Get everything done from the comfort of home
This all-in-one approach streamlines the automotive buying journey, making it more accessible, transparent, and efficient for consumers in Kuwait.
Investor Confidence & Future Expansion
The successful seed funding round highlights strong investor confidence in Motery’s vision and growth potential. With this capital, the company plans to:
- Enhance its digital platform to offer a more seamless experience
- Expand its market reach within Kuwait’s thriving automotive sector
- Introduce new financial products to provide more flexibility to car buyers
Founders’ Vision
Reflecting on this milestone, Co-Founder Abdulla Al Ateeqi shared:
“We are thrilled to have secured this funding, 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.”
Meanwhile, Co-Founder Mohammad Al Abdulsalam emphasized:
“This funding is a testament to our team’s hard work and dedication. We are committed to making car buying and financing as smooth and efficient as possible.”
Driving the Future of Automotive Financing
Motery’s tech-driven approach aims to reshape Kuwait’s car market, making it easier for buyers to own vehicles with flexible financing options. As the company continues to scale and innovate, it remains focused on providing cutting-edge solutions to meet the evolving needs of modern car buyers.
With this latest funding, Motery is well on its way to becoming a leader in the digital automotive financing industry in Kuwait and beyond.
