Saudi startup Autobia raises $12m to digitize auto parts trade
Saudi company Autobia has closed a $12 million Series A funding round led by Artal Financial, with participation from Aljazira Capital and Wa'ed Ventures. The company runs a B2B platform for auto parts that combines inventory sourcing, delivery, payments, and installment purchasing. Autobia plans to use the funds to expand across Saudi Arabia, strengthen logistics and supply infrastructure, and develop dynamic pricing and inventory financing tools.
Autobia, a Saudi company, has secured $12 million in Series A funding, equivalent to about 45 million riyals. Artal Financial led the round, with Aljazira Capital and Aramco-backed Wa'ed Ventures also investing. The business serves B2B auto-parts buyers through a digital platform that links stock sourcing, delivery, payments, and installment options.
The new capital is intended to broaden Autobia's reach across Saudi regions, improve logistics and supply infrastructure, and add dynamic pricing and inventory-financing capabilities. Its CEO, Emad Daghreeri, described ambitions to build technical infrastructure for traditional businesses. COO Ahmed Al-Oufi said integrated financing services are central to helping merchants manage working capital and grow flexibly.
The platform may affect auto-parts wholesalers, retailers, and other business buyers by making inventory purchasing and payments more digital and potentially easing working-capital constraints through installment options. If expansion improves logistics and pricing tools, smaller merchants could gain more efficient access to parts and suppliers, though benefits may depend on adoption, digital readiness, and how well financing risks are managed.