Omani business group Bahwan invests $10mn in UAE-based Service My Car

By Shilpa Annie Joseph, Desk Reporter
  • Follow author on
Service My Car
Representational Image

Oman’s Bahwan has invested $10 million in Service My Car, an UAE-based online repair and service booking platform. This is the latter’s first seed funding round.

Bahwan is one of Oman’s most diversified family-owned businesses, with a strong presence in the automotive industry.

Ozair Puda
Ozair Puda
CEO
Service My Car

“It is an emerging time for the automotive ecosystem as investors are noticing the benefits of technology and digitization in the industry. With the infusion of this capital, we are looking forward to extending this convenience, affordability, and transparency to all GCC car owners. Additionally, our 12-months labor and parts warranty will be disruptive for the siloed and segmented car repair industry. We are hoping to extend our services offered with car detailing, service contracts, roadside assistance, 4×4 accessories, car insurance, car rental, and mobile service to become the one-stop online solution for all car needs.”

According to the Bahwan spokesperson, “As the automotive repair industry continues to grow in the face of extended supply and tight competition, Service My Car is at the forefront of digital growth. Most innovation has been focused on garage-level process improvements, but until now, businesses have not focused on end-user convenience and affordability.”

“Service My Car has shown exceptional results since inception with a growth rate of 200 percent during its first year and 300 percent this past year. They have the team, talent, and technology to not only succeed but to emerge as the leader in the online car servicing ecosystem,” the spokesperson added.

Service My Car

Launched in 2018, Service My Car is part of the wave of digital-focused businesses that want to re-write the rules in the local and regional automotive sector.  It intends to digitize the mortar car servicing industry, and with the infusion of technology, bring in more transparency, affordability, and convenience to car owners.

Related: Paypal invests in crypto taxation startup Taxbit

YOU MAY LIKE