Pre-seed funding of USD 750,000 has been obtained by BuyAnyAutoPart, a B2B used car part aggregator based in the United Arab Emirates that is upending the multibillion-dollar used car part market in the region.
The business, which specializes in finding and supplying used auto parts to the area’s multi-brand workshops, has drawn funding from well-known backers, including 6G Capital, the Allana Group’s family office, and Galadari Brothers, the exclusive Mazda dealer in the United Arab Emirates.
“As a global family office focused on forward-thinking investments, we prioritise companies with innovative solutions and strong growth potential, like BuyAnyAutoPart,” said Adil Allana, of 6G Capital.
Before growing to serve thousands of small and medium-sized garages nationwide, the money will be utilized to sign contracts with some of the biggest multi-brand workshops in the United Arab Emirates. The immediate objective of BuyAnyAutoPart is to become the biggest supplier of used auto parts in the United Arab Emirates, a market that also exports parts to Russia, Central Asia, the GCC, the wider Middle East, and portions of Europe.
“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,” said Mohammed Galadari, Co-Chairman of Galadari Brothers.
Major UAE automakers like AW Rostamani, DYNATRADE, Al Ghurair Cars, Emirates Transport, Dubai Government Workshop, Mohamed Hareb Al Otaiba Group, and Galadari Automobiles have already worked with BuyAnyAutoPart on successful pilot projects.
“Our immediate goal is to become the biggest supplier of used car parts in the country. Given that the UAE is a global trade hub for these parts, we are well-positioned to become the largest used car part supplier in the world,” said Zarir Saifuddin, CEO of BuyAnyAutoPart.
BuyAnyAutoPart was selected for the Dubai Government-sponsored Sandbox Accelerator Program earlier this year. Oresaya Capital launched the program to help aspirational tech entrepreneurs in the pre-seed to seed phases.
