Indonesian online automotive dealer platform Mobilkamu today announced an undisclosed Series A funding round co-led by East Ventures and Genesia Ventures.
The funding round also included the participation of Denali Mitra.
It followed an undisclosed seed funding round that the company has raised in November 2017.
The company plans to use the new funding to expand its reach in the local market as well as to develop its products and technologies.
This year, as part of its expansion plan, it also plans to open new branches in different cities in Indonesia.
“For the past year, we have greatly improved our customer service, increasing the range of products we can offer, including a new exciting initiative that aims to provide eligible customers with access to a care system that will support them for the lifetime of their car ownership,” said Mobilkamu Co-Founder and CCO Caue Motta in a press statement.
Mobilkamu aims to provide car buyers the experience of a simplified car search and purchase process, with the promise of offering “the fairest price in the market.”
Using their platform, car buyers would not need to research and compare multiple offers.
It also operates a motorbike selling platform named Motorkamu and has launched an agent affiliation programme named Mitra Mobilkamu, which promises “a fair source of income” for individuals who want to sell new cars themselves.
Run by a team of 70, the startup is headquartered in South Jakarta with branch offices in Bekasi and Ciputat.
By 2018, Mobilkamu said that it has delivered over 150 vehicles from various brands per month using its own custom towing fleet.
The startup has established partnerships with over 80 car dealers across Greater Jakarta Area as well as a
diverse range of financial partners, such as Bussan Auto Finance, BCA Finance, Mega Auto Finance, Mandiri Tunas Finance, and Bank Jasa Jakarta.
Image Credit: Mobilkamu