BuyAnyAutoPart Secures $750,000 in Pre-Seed Funding to Revolutionize UAE's Automotive Aftermarket

In a significant development for the United Arab Emirates' automotive sector, BuyAnyAutoPart, a B2B automotive tech startup specializing in the aggregation of used car parts, has successfully secured $750,000 in pre-seed funding. This investment round saw participation from prominent investors, including Galadari Brothers, the exclusive dealer for Mazda in the UAE, and 6G Capital, the family office of the Allana Group. The infusion of capital is set to bolster BuyAnyAutoPart's mission to streamline the supply chain of used car parts to multi-brand workshops and, subsequently, to thousands of small and medium-sized garages across the nation.

The Genesis of BuyAnyAutoPart

Founded in 2020 by Zarir Saifuddin, BuyAnyAutoPart emerged from a vision to address the fragmented and often opaque market of used car parts in the UAE. With a background as a management consultant at Ernst & Young (EY) for seven years, Saifuddin recognized the inefficiencies in sourcing quality used car parts, especially for non-dealership insurance accident repairs. This realization led to the creation of a platform that aggregates used car parts, providing a centralized solution for workshops and garages seeking reliable components.

Strategic Investment and Investor Confidence

The successful pre-seed funding round underscores investor confidence in BuyAnyAutoPart's innovative approach and growth potential. Mohammed Galadari, Co-Chairman of Galadari Brothers, stated, "The sheer scale of the regional used car part market, combined with BuyAnyAutoPart’s innovative solution to sourcing parts for non-dealership insurance accident repairs, made them an ideal early investment for us." This sentiment was echoed by Adil Allana of 6G Capital, who remarked, "As a global family office focused on forward-thinking investments, we prioritize companies with innovative solutions and strong growth potential, like BuyAnyAutoPart."

Utilization of Funds and Expansion Plans

The $750,000 capital injection is earmarked for executing contracts with some of the UAE's largest multi-brand workshops. Following this initial phase, BuyAnyAutoPart plans to expand its services to thousands of small and medium-sized garages nationwide. The company's immediate objective is to become the largest supplier of used car parts in the UAE—a market that also exports parts to the GCC, the broader Middle East region, Central Asia, Russia, and parts of Europe.

Pilot Projects and Industry Collaborations

Demonstrating its commitment to quality and reliability, BuyAnyAutoPart has already completed successful pilot projects with major UAE automotive enterprises. Notable collaborations include partnerships with AW Rostamani, DYNATRADE, Al Ghurair Cars, Emirates Transport, Dubai Government Workshop, Mohamed Hareb Al Otaiba Group, and Galadari Automobiles. These pilot projects have validated the platform's efficacy in streamlining the sourcing process for used car parts, ensuring timely and efficient service delivery to clients.

The UAE's Automotive Aftermarket Landscape

The automotive aftermarket in the UAE is a multi-billion-dollar industry, driven by a high vehicle ownership rate and a robust demand for maintenance and repair services. According to a report by TechSci Research, the UAE automotive aftermarket is projected to grow at a CAGR of over 6% during 2021-2025. This growth is attributed to factors such as the increasing average age of vehicles, rising vehicle sales, and the expanding fleet size in the country.

Challenges in the Used Car Parts Market

Despite the market's potential, sourcing quality used car parts remains a challenge for many workshops and garages. The traditional supply chain is often fragmented, with inconsistencies in part availability, quality assurance, and pricing transparency. These challenges can lead to delays in vehicle repairs, increased operational costs, and, ultimately, customer dissatisfaction.

BuyAnyAutoPart's Value Proposition

BuyAnyAutoPart addresses these challenges by offering a centralized platform that aggregates used car parts from various suppliers. The platform provides:

• Comprehensive Inventory: Access to a wide range of used car parts across different makes and models.
• Quality Assurance: Verification processes to ensure that parts meet industry standards and are fit for use.
• Transparent Pricing: Clear and competitive pricing structures, eliminating ambiguities in cost.
• Efficient Logistics: Streamlined processes for the timely delivery of parts to workshops and garages.

By leveraging technology, BuyAnyAutoPart enhances the efficiency and reliability of the used car parts supply chain, benefiting both suppliers and buyers.

Future Outlook and Strategic Goals

Looking ahead, BuyAnyAutoPart aims to solidify its position as the leading supplier of used car parts in the UAE. The company plans to:

• Expand Supplier Networks: Establish partnerships with additional suppliers to broaden the inventory and meet diverse client needs.
• Enhance Technology Integration: Invest in advanced technologies to improve platform usability, inventory management, and customer experience.
• Explore Regional Expansion: Assess opportunities to extend services beyond the UAE, targeting neighboring markets in the GCC and broader Middle East.

Conclusion

BuyAnyAutoPart's successful pre-seed funding round marks a pivotal moment in the UAE's automotive aftermarket industry. With strategic investments from esteemed partners like Galadari Brothers and 6G Capital, the company is well-positioned to revolutionize the sourcing and supply of used car parts. As it embarks on this journey, BuyAnyAutoPart is set to contribute significantly to the efficiency and growth of the automotive repair ecosystem in the UAE and potentially beyond.

References:

• "BuyAnyAutoPart secures $750,000 pre-Seed." Wamda, 11 Dec. 2024. Link

• "UAE-based automotive tech startup raises $750,000 in pre-seed funding." Khaleej Times, 10 Dec. 2024. Link

• "UAE Automotive Aftermarket Market By Replacement Parts, By Distribution Channel, By Service Channel, By Region, Competition Forecast & Opportunities, 2025." TechSci Research, 2021. Link