Motortec Raises RS 20million in Investment for Online Market of Auto Parts

As the auto industry of Pakistan is developing day by day by the introduction of electric vehicles in Pakistan by the local industry it stands on RS 370 billion whereas the sizeable share of RS 20 billion is contributed in spare and auto parts and accessories market. With the advancing of the e-commerce sector in Pakistan now the need has emerged to establish an online platform on the auto-parts industry of Pakistan.

Motortec is the player to address the market gap by [roviding a one-touch solution through an online marketplace of new and used auto parts.

As per Asfandyar Afridi, Co-Founder of Motortec, “Finding good and authentic auto parts at a good price is very difficult, we are trying to make these transactions hassle-free for our customers.”

Providing the high run auto parts the startup has its own more than 3800 recurring customers. The customers have their trust in the services provided by the company. NIC Peshawar helped the startup to analyze their skills and strength and eliminate the weaknesses

Recently the startup has raised around 1 investment of PKR 20 Million to upgrade their inventory and enhance the reach of their store. The founders of Motortec are all set to take this market over in a very short time with their strong will, determination and support of their mentors and coaches.