Egypt-based online car parts marketplace Mtor has raised $2.8 million U.S. in pre-seed funding. The round was led by Algebra Ventures, with Dutch Founders Fund, LoftyInc Capital Management and Aditum Ventures among the other participants.

Companies, mechanics and individuals can order spare parts on Motr, which was founded in 2022 by Mohamed Maged — its CEO — Moaz El-Megharbel, Mohamed Altaf and Khaled Kandil.

According to Motr, it has partnered with more than 2,500 workshops in the greater Cairo region and delivered more than 70,000 orders to date. 

The company maintains that the local car parts market is plagued by such issues as limited product availability, unregulated pricing and a lack of fitment data. It adds that its Mtor Mechanic app is designed to streamline the process.

The funding will be used to further expand Mtor’s products and services and help workshops to digitize. The company said it had several strategic partnerships, including one with an importer of parts.

According to Maged, “Mtor was founded to make the process [of ordering spare parts] easier and more efficient, empowering local car workshops with quality parts, a suitable price position and a good customer experience.”

“We are building the tech infrastructure where global suppliers and importers, as well as local mechanics, can optimize the supply chain through a controlled, tech-enabled marketplace where pricing, availability and fitment data are reliably one click away from workshops.”

Algebra Ventures managing partner Karim Hussein commented: “Mtor’s unique visual and voice interface, coupled with a sophisticated fitment and parts matching engine, eliminates the hours spent daily by mechanics hunting for the right part at the right price.”



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