Alpha JWC Ventures, AC Ventures co-lead US$10m fund in automotive services startup

AUTOMOTIVE aftermarket services platform Otoklix has raised US$10 million in a Series A round co-led by Indonesia-based venture capital firms Alpha JWC Ventures and AC Ventures, the company announced in a press statement on Friday (Dec 17).

Sequoia Capital India's Surge, ex-chief executive officer of Astra International Prijono Sugiarto, YouTube co-founder Steve Chen and Google executives in XA Network also participated in the round.

The fresh funds will be used to establish Otoklix's flagship automotive workshop throughout Indonesia and improve technological capabilities, said the startup.

"Our ecosystem and our technology are our strongest assets, which no other automotive companies have done in Indonesia," said Otoklix's co-founder and chief executive officer Martin Suryohusodo.

Founded in 2019, the Indonesia-based online platform allows users to find automotive services at nearby independent workshops and provides a warranty for all transactions at its partner workshops.

The automotive services startup also provides customer relationship management and supply-chain management solutions to independent workshops.

The number of partner workshops for Otoklix has grown from 100 to over 1,900 in the past year, providing services to more than 100,000 customers annually, it said.