Saudi 'Autopia' raises 45 million riyals to expand auto parts platform
Series A round led by Artal Capital to support expansion in the kingdom and develop pricing technologies and operational and logistics services.
Prepared by Akhbar Al Watan News 24
Saudi company 'Autopia' announced the closure of a Series A funding round worth 12 million dollars, equivalent to 45 million riyals, led by Artal Capital and with participation from Al Jazeera Capital and Waaed Ventures, according to a company statement published on the platform 'Wamda' on October 11, 2026.
The company works on digitizing the trade of auto parts between companies, through a platform that connects retail and wholesale traders with suppliers and gathers purchasing, execution, logistics services and inventory purchase solutions with flexible payment terms.
Autopia intends to use the funding to expand its presence within the kingdom, enhance its operational and logistics infrastructure, and develop dynamic pricing technologies, as well as expand inventory solutions that allow traders to pay according to flexible arrangements.
The platform provides tools for managing customer payments through licensed payment service providers offering pay now and pay later options. This model aims to facilitate liquidity and purchasing management for traders and connect commercial operations and supporting services in a single technological system.
The company was founded in 2021 and previously announced a seed funding round of 2.5 million dollars in 2023.