Kuwait-based Motery, a digital car buying and financing platform, has successfully closed its first funding round at a valuation of $8 million, further cementing its position as a leading automotive marketplace in Kuwait.
This investment will drive Motery’s expansion, enabling the platform to enhance its user experience and offer seamless car purchasing and financing solutions. Consumers can search for cars, compare financing options, and complete their purchases entirely online, making the process smoother and more convenient.
The new funding will support Motery’s growth strategy, allowing it to scale its operations and introduce more advanced features to cater to evolving customer needs.
Commenting on this milestone, Abdullah AlAteeqi, Co-founder of Motery, stated,
“We are thrilled to secure this funding at a strong valuation. It enables us to accelerate our growth and continue innovating in the automotive sector. Our mission is to simplify the car-buying experience in Kuwait, and this investment is a major step toward that goal.”
This funding round highlights investors’ confidence in Motery’s vision and its potential to revolutionize the digital car marketplace in Kuwait.
