In order to expand its connected roadside assistance services, government-backed impact investment companies VentureTECH Sdn. Bhd. (VentureTECH) and VentureTECH SBI Sdn. Bhd. (VentureTECH SBI) have contributed MYR 10 million ($2.11 million) to the Malaysian roadside assistance company Bateriku (M) Sdn. Bhd. (Bateriku.com).
In a statement released on Monday, Bateriku stated that this partnership will enable Bateriku.com to further its objective of revolutionizing the roadside assistance sector by establishing an ecosystem that links Battery, Breakdown, “Bengkel” (auto workshops), and Bazaar (a marketplace for auto parts).
As per the statement, MYR 3 million ($630,000) and MYR 7 million ($1.48 million) have been allocated by VentureTECH and VentureTECH SBI, respectively, to furnish Bateriku.com with the necessary resources to augment its technology infrastructure, broaden its range of services, and expand its operations to cater to the increasing demand for effective roadside assistance solutions.
According to Bateriku.com, this investment puts the company in a strategic position to leverage innovation, optimize processes, and create unmatched value for stakeholders and customers.
This calculated move further demonstrates Bateriku.com’s dedication to fostering technological innovation and efficiency by fine-tuning every facet of its business operations to consistently provide outstanding service and surpass expectations.
“We are excited to join forces with VentureTECH and VentureTECH SBI to accelerate our vision of redefining roadside assistance services by connecting the Battery, Breakdown, “Bengkel” (car workshops), and Bazaar (auto parts marketplace) verticals into a seamless experience for vehicle owners,
“This strategic investment will enable us to scale our operations, expand our reach, and further enhance the customer experience,” said Azarol Faizi, Chief Executive Officer of Bateriku.com.
According to the release, VentureTECH is committed to assisting forward-thinking businesses that raise industry standards and boost productivity, and this partnership represents an important turning point in Bateriku.com’s development.
Bateriku.com began as an on-demand automotive battery replacement service provider and has since grown into an ecosystem that links drivers to reputable workshops, roadside assistance, an auto parts marketplace, and other ancillary services.
The company expanded by utilizing technology, big data, and the sharing economy.
Nearly 200 retail locations are currently run by Bateriku.com, which intends to grow its clientele regionally.
