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Saudi auto-parts startup Autobia said on Oct. 11, 2026 that it raised $12 million in a Series A round led by Artal Capital, with participation from Aljazira Capital and Wa’ed Ventures. The company said the new capital will support its expansion across Saudi Arabia, strengthen logistics and fulfillment, and advance its dynamic pricing and embedded finance tools.
What did Autobia announce in its Series A round?
Autobia said on Oct. 11, 2026 that it raised $12 million in a Series A round led by Artal Capital. WAYA reported that Aljazira Capital and Wa’ed Ventures also participated in the financing.
The Saudi company operates in the auto-parts sector and has described itself as a B2B technology business focused on digitizing the automotive aftermarket. According to WAYA, Autobia connects procurement, logistics and financial services on one platform for auto parts retailers and wholesalers.
What does Autobia's platform do?
Autobia says its platform lets auto parts businesses source from verified suppliers, use integrated fulfillment services, and buy inventory on flexible payment terms. WAYA also reported that retailers can sell parts and manage end-customer payments through licensed payment and BNPL providers.
The company’s model sits at the intersection of an auto-parts managed marketplace and B2B embedded financial solutions, according to WAYA. In practical terms, that means Autobia is not only helping buyers find inventory; it is also trying to support the operational steps around ordering, delivery and financing in one digital ecosystem.
WAYA said auto parts businesses face working-capital constraints alongside inventory, supplier and payment management needs. Autobia’s pitch is that better procurement and fulfillment, combined with inventory financing, could help businesses manage stock and transactions more efficiently.
Who backed the company before, and who founded it?
Autobia was founded in 2021 by Emad Daghreri and Ahmed Alawfi, WAYA reported. The company previously closed a $2.5 million seed round in 2023 led by Sadu Capital.
Zero to One said in an Oct. 11, 2026 X post that Wa’ed Ventures is the VC arm of Aramco and had also participated in Autobia’s previous round in 2023. The same post described Autobia as Saudi-based and focused on the B2B auto-parts trade in Saudi Arabia.
How will Autobia use the new funding?
WAYA said the money will support Autobia’s expansion across Saudi Arabia and help strengthen its logistics and fulfillment infrastructure. The company also plans to advance its proprietary dynamic pricing technology and scale its inventory-on-terms solutions.
Co-founder and CEO Emad Daghreri said expanding access to embedded financial services is part of the company’s vision. In the same quote, he said the goal is to help customers manage working-capital constraints and grow with more flexibility, and said Autobia is partnering with investors who share its long-term ambition for the sector.
WAYA linked the investment to Saudi Arabia’s Vision 2030 push across technology, logistics, automotive and financial services. The next phase of growth, according to the report, depends on building out the logistics network while continuing to develop technology and financing tools.
Zero to One said the new investment will be used to develop dynamic pricing technologies and scale payment solutions, echoing WAYA’s reporting on Autobia’s planned priorities.
