- Signs initial investment from Vynn Capital’s fresh Mobility &, Supply Chain account
- Southeast Asia’s auto repair industry has area for significant growth.
WYZauto, Thailand’s leading online tyre marketplace for vehicle maintenance businesses, has secured US$ 2.25 million ( RM10.7 million ) funding and a partnership with Vynn Capital, a Kuala Lumpur- based Southeast Asian venture capital firm specialising in mobility and supply chain sectors.
This marks the first investment from Vynn Capital’s new Mobility and Supply Chain fund, backed by Malaysian pension fund KWAP, Sime Darby Bhd, Malaysia Venture Capital Management Bhd ( Mavcap ), AEI Capital, and other regional limited partners. The funding round, led by Vynn Capital, welcomes fresh owners including Vincent Lee, an earlier investment into Malaysia’s first dragon, Carsome as well as other local buyers such as Oak Drive Ventures. Kaya Members, one of the country’s oldest stockholders, also participate in the round.
” We are quite happy to have Vynn Capital aboard. In our initial conversations, I realized that they could join us with possible strategic people. Since the launch, it is more than just money. Their strategy for freedom synergy is very pertinent as we strive to optimize the electrical maintenance sector, according to Louis Giraud, founder of WYZauto.
Southeast Asia’s automotive repair industry has area for significant growth, according to the report.  , WYZauto is positioned precisely where the business needs it: their streamlining of the wheel provide network creates a earn- win situation for both repair shops, maintenance networks, wholesalers as well as brand manufacturers, driving efficiency and cost savings. We are optimistic about the company’s future progress and look forward to WYZauto’s development abroad.
Malaysia, the Philippines, Indonesia and Thailand”, said Victor Chua ( pic ), founder and Managing Partner of Vynn Capital.
WYZauto is a rubber marketplace that connects Thai two- or four-wheeler vehicle maintenance companies with a wide range of major tyre manufacturers. The software, which it claims to be, gives car maintenance companies access to the nation’s largest tire stock, and will soon expand its coverage to include other car parts, aiming to optimize the entire supply chain for vehicle maintenance. Through the WYZauto platform, the company collaborates with many distributors and brands to expand their e-commerce presence and gain new customers.
Last season, WYZauto expanded into Malaysia, a market that is carefully poised to be a key hub for the automotive and mobility sectors. As part of this new agreement, Vynn Capital, with its deep knowledge of the Indonesian business and leadership in mobility investments, will positively help WYZAuto’s expansion it.
Vynn Capital’s strategy includes acting as a strategic advisor to portfolio companies, acknowledging the need for more than just capital. Their strategy revolves around generating synergy throughout the entire investment network to create value. In WYZauto’s case, Vynn Capital’s aim is to facilitate mutually beneficial partnerships that accelerate WYZauto’s growth within the Malaysian market by leveraging their existing connections, particularly in the mobility and supply chain sector.
In addition to supporting WYZauto’s growth, Vynn Capital is actively looking into other opportunities as well as startups from key markets like Singapore, Thailand, and Indonesia. Vynn Capital believes in the long- term potential of Southeast Asia’s mobility market, with the region’s automotive products market alone expected to reach US$ 79 billion in 2028, significantly exceeding 2023’s US$ 61 billion. The company sees this as an opportunity to help with mobility solutions that can meet the region’s changing and distinctive mobility needs.