- Money will go towards advancing software, enhancing Vehicle Equity Experience
- Plans to expand in SEA, with Indonesia &, Singapore as the 1st global markets
Bateriku ( M ) Sdn Bhd ( Bateriku.com ), Malaysia’s leading connected roadside assistance solution provider, has raised US$ 7.4 million ( RM34.7 million ) in its Series B funding round. This landmark investment attracted strategic backing from Kumpulan Wang Persaraan Diperbadankan ( KWAP ), Gobi Partners, VentureTech SBI Capital LP, and VentureTech Sdn Bhd, solidifying Bateriku.com’s position as an industry trailblazer.
Building on the success of its Series A funding, led by Malaysia Technology Development Corporation ( MTDC ) in 2022, Bateriku.com is poised to take bold steps forward. The Selangor-based software company will use these resources over the next 18 weeks to improve its systems and enhance the Vehicle Ownership Experience (VOE). The company aims to seamlessly integrate the automotive verticals of Battery, Breakdown,” Bengkel” ( car workshops and auto parts shops ), and Bazaar ( auto parts marketplace ) into one cohesive ecosystem.
Bateriku.com founder and CEO, Azarol Faizi, said:” Securing this financing in our tenth month is an glory, and it reflects the unwavering faith our owners place in our perception. This investment does help us advance our efforts to transform roadside assistance and alter the mechanical ecosystem.
” Our trip began as a traditional battery store, but our goal has always been to create an integrated ecosystem that is suitable for the needs of every vehicle owner. By harnessing technology, we’ve scaled our job tech and innovation systems to provide unparalleled customer experiences”, he added.
In position with its social duty, Bateriku.com launched Akademi Bateriku in 2022. This reputable institution offers mentoring and mentoring programs to electrical specialists in its ecosystem, which is approved by the Department of Skills Malaysia under the Ministry of Human Resources. The startup claims that to date, nearly 2, 000 Malaysians, including Bateriku.com’s internal ecosystem members ( BHero gig mobile technicians and BPreneur entrepreneurs ), workshop owners ( such as Petronas AutoExpert ), individual mechanics, and the general public, have attended these classes.
The company added that its channel includes its first international hub in South Jakarta, Indonesia, and nearly 200 Pitstop locations spread out across Malaysia. Additionally, its robust ecosystem comprises over 1, 000 trained gig technicians ( BHero ), 78 entrepreneurs ( BPreneur ), and close to 3, 000 workshop and auto parts partners ( BBuddy ), all coordinated through a 24/7/365 Contact Centre, which seamlessly connects customers to the nearest service providers.
According to Bateriku.com, while the power company remains at the heart of its procedures, environmental conservation is a key concern. The company’s” Get Recon But The World” program focuses on reconditioning and reuse batteries, ensuring they are reused, repaired, or appropriately recycled. Non-reconditionable batteries are processed by qualified smelters with the approval of the Department of Environment, in line with its nationwide assurance and after-sales programs.
Azarol stated,” To give some view, about 500, 000 vehicle batteries are replaced every month in Malaysia, which indicates almost 10, 000 tonnes of used batteries are being disposed of each month”.
Every month, Bateriku.com collects about 1, 000 used car batteries from our clients all over the country.” Bateriku.com is responsible for making sure our customers are informed about the effects of proper used battery leisure on the environment, especially through our” Go Recon Keep the World” initiative,” he continued.
Gobi Partners co-founder and chairman, Thomas Tsao, said,” Bateriku.com’s ‘ Go Recon But The World ‘ program aligns completely with our goal to invest in projects that not only deliver strong earnings but also make a positive impact on the environment. Their method of recycling and reconditioning batteries provides a new standard for the automotive industry.
With Indonesia and Singapore as the first international markets targeted for expansion and replication of its innovative business model, this new funding will help propel Bateriku.com’s growth throughout Malaysia and throughout Southeast Asia.