Autopia Raises $12 Million to Expand Auto Spare Parts Business in Saudi Arabia
Saudi auto spare parts platform Autopia closed a $12 million Series A funding round led by Artal Capital to expand its logistics services within the Kingdom.
Saudi B2B auto spare parts platform Autopia closed a Series A funding round worth $12 million, equivalent to approximately SAR 45 million. The round was led by Artal Capital, with participation from AlJazira Capital and Wa'ed Ventures.
The company, founded in 2021, stated it will use the funding to expand its reach across the Kingdom, build its logistics and packaging network, develop dynamic pricing technology, and expand inventory financing for its customers.
Autopia did not disclose its post-round valuation, revenue, or customer base.
The round comes as B2B digital commerce expands in the Kingdom, with an increasing number of platforms connecting manufacturers, distributors, and workshops in a single supply chain.
What do these terms mean?
Series A Round: A relatively early funding stage for a company following its launch, typically used for scaling up and team building.
B2B Commerce: The sale of goods and services from one business to another, rather than to the end consumer.
Dynamic Pricing: A technology that automatically changes product prices based on supply, demand, and market data.
Inventory Financing: A financial arrangement enabling a merchant to purchase additional goods before selling them, rather than tying up capital.
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