KUALA LUMPUR (Feb 10): ServAuto, a Malaysia-based automotive aftersales platform founded by a former Carsome executive, has secured new funding, bringing its total capital raised to close to US$6 million to date.
The round was led by Vynn Capital, a Malaysian venture capital firm specialising in the mobility and supply chain sectors that also invested in Carsome.
“We believe some of the most compelling opportunities in Malaysia and broader Southeast Asia sit at the intersection of mobility, operations and real-world execution.
ServAuto is a great example of a new generation of Malaysian startups emerging from the broader Malaysian ecosystem,” said Victor Chua, founding and managing partner of Vynn Capital.
The round also saw participation from Openspace Capital, SWC Global and Gobi Partners, alongside other angel investors.
ServAuto — a digital-first automotive aftersales platform designed to address fragmentation in Malaysia’s automotive aftersales market — has already served over 30,000 customers across the country within 12 months.
With this new round of funding, ServAuto will continue to expand its product and service coverage and deepen its nationwide workshop network.
“Automotive aftersales should be simple and reliable. With this funding, we can scale a consistent experience nationwide, backed by a tech-enabled supply chain that guarantees verified products,” said Phoy Yong Hao, co-founder of ServAuto.