{"id":41297,"date":"2025-03-10T22:03:11","date_gmt":"2025-03-10T19:03:11","guid":{"rendered":"https:\/\/entarabi.com\/?p=41297"},"modified":"2025-03-10T22:13:12","modified_gmt":"2025-03-10T19:13:12","slug":"motery-closes-its-first-funding-round-at-an-8-million-valuation","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2025\/03\/motery-closes-its-first-funding-round-at-an-8-million-valuation\/","title":{"rendered":"Motery Closes Its First Funding Round at an $8 Million Valuation"},"content":{"rendered":"<ul>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"151\" data-end=\"297\"><strong>Motery<\/strong>, the Kuwait-based online car buying and financing platform, successfully closed its first funding round at an $8 million valuation.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"298\" data-end=\"437\">The new investment will support the expansion of the platform&#8217;s services and strengthen its position in Kuwait&#8217;s automotive market.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"438\" data-end=\"578\">Funds will be used to enhance user experience, develop new financing solutions, and increase market share in the growing car sector.<\/li>\n<\/ul>\n<h2 dir=\"ltr\" data-start=\"580\" data-end=\"617\"><span style=\"font-size: 14pt;\"><strong data-start=\"584\" data-end=\"615\">Motery\u2019s Expansion Strategy<\/strong><\/span><\/h2>\n<p dir=\"ltr\" data-start=\"618\" data-end=\"817\">Motery has announced the successful closure of its <strong data-start=\"669\" data-end=\"728\">first funding round, securing a valuation of $8 million<\/strong>, marking a major milestone in <strong data-start=\"759\" data-end=\"804\">expanding its digital automotive services<\/strong> in Kuwait.<\/p>\n<p dir=\"ltr\" data-start=\"819\" data-end=\"1126\">The platform offers a <strong data-start=\"841\" data-end=\"896\">seamless online car buying and financing experience<\/strong>, enabling users to <strong data-start=\"916\" data-end=\"1015\">search for vehicles, compare financing options, and complete their purchases entirely from home<\/strong>. It also provides flexible payment and financing solutions, making car ownership easier and more accessible.<\/p>\n<h2 dir=\"ltr\" data-start=\"1128\" data-end=\"1173\"><span style=\"font-size: 14pt;\"><strong data-start=\"1132\" data-end=\"1171\">Investment Impact and Market Growth<\/strong><\/span><\/h2>\n<p dir=\"ltr\" data-start=\"1174\" data-end=\"1446\">The newly raised funds will be allocated to <strong data-start=\"1218\" data-end=\"1325\">improving Motery\u2019s services, developing new financing solutions, and expanding operations within Kuwait<\/strong>. This funding round reflects <strong data-start=\"1355\" data-end=\"1443\">investor confidence in Motery\u2019s vision of delivering innovative automotive solutions<\/strong>.<\/p>\n<h2 dir=\"ltr\" data-start=\"1448\" data-end=\"1480\"><span style=\"font-size: 14pt;\"><strong data-start=\"1452\" data-end=\"1478\">Co-Founder\u2019s Statement<\/strong><\/span><\/h2>\n<p dir=\"ltr\" data-start=\"1481\" data-end=\"1880\" data-is-last-node=\"\" data-is-only-node=\"\">Commenting on the funding round, <strong data-start=\"1514\" data-end=\"1559\">Abdullah Al-Otaibi, Co-Founder of Motery,<\/strong> said:<br data-start=\"1565\" data-end=\"1568\" \/><em data-start=\"1568\" data-end=\"1880\" data-is-last-node=\"\">&#8220;We are thrilled to secure this funding at a strong valuation, which will enable us to accelerate our growth and continue innovating in the automotive sector. Our mission is to simplify the car buying experience for consumers in Kuwait, and this investment marks a significant step toward achieving that goal.&#8221;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Motery, the Kuwait-based online car buying and financing platform, successfully closed its first funding round at an $8 million valuation. The new investment will support the expansion of the platform&#8217;s services and strengthen its position in Kuwait&#8217;s automotive market. Funds will be used to enhance user experience, develop new financing solutions, and increase market share [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":41295,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[],"class_list":["post-41297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/41297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=41297"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/41297\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/41295"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=41297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=41297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=41297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}