Autobia, a Saudi Arabian marketplace that supplies auto parts businesses, has raised SAR 45m (about $12m) in a Series A round led by Artal Capital. The round was announced on 11 October 2026, Wamda reported.
Aljazira Capital and Wa'ed Ventures, the venture capital arm of Saudi Aramco, also invested. The company did not disclose a valuation or its total funding to date.
“Our ambition goes beyond digitising auto parts procurement. We are building a technology platform infrastructure that gives traditional auto parts businesses the intelligence, efficiency, and tools they need to compete and grow.”Emad Daghreri, Co-founder and CEO, Autobia
What Autobia does
Autobia links auto parts retailers and wholesalers with verified suppliers. Around the marketplace it handles procurement, fulfilment and logistics, so buyers can source and receive stock through a single platform.
It also offers financial tools. Businesses can buy inventory on flexible payment terms and collect payments from their own customers through licensed payment and buy now, pay later providers. The company describes its model as a managed auto parts marketplace combined with embedded financial services for businesses.
Daghreri said the aim is not only to move parts buying online but to give traditional parts businesses the data, efficiency and tools they need to compete and grow.
Emad Daghreri, the chief executive, and Ahmed Alawfi, the chief operating officer, founded Autobia in 2021. When it raised its seed round in 2023, the company said it had traded more than 1,000,000 spare parts and ran fulfilment centres in Riyadh and Jeddah. The Series A announcement did not include updated operating figures.
Who invested
Wassim Moukahhal, head of alternative investments at Artal Capital, said Autobia is going after a large and underserved market with a model that mixes technology, operations and embedded finance. He said the investor wants to help the platform become a key part of vehicle after-sales infrastructure in Saudi Arabia and the wider region.
Wa'ed Ventures is a returning backer; it also supported Autobia's seed round.
What the money is for
Autobia will use the funds to grow across Saudi Arabia, strengthen its logistics and fulfilment network, develop its dynamic pricing technology and expand its inventory financing.
Alawfi said wider access to embedded financial services is central to the plan, so that customers can manage tight working capital and grow. The company linked the raise to the development of the kingdom's technology, logistics, automotive and financial services sectors under the Vision 2030 programme.
The funding so far
Autobia closed a $2.5m seed round in 2023, led by Sadu Capital, with Wa'ed Ventures, Raz Holding, Techstars and a group of angel investors. Qusai AlSaif, chief executive of Sadu Capital, said at the time that the Saudi automotive after-sales market was worth SAR 21bn (about $5.6bn) and was still run largely by hand.
The seed money was earmarked for expansion within Saudi Arabia, a push into new parts of the after-sales market and neighbouring markets, and hiring and technology development. At the time, the platform supported 23 vehicle brands. The new round is roughly five times the size of the seed.