Samreen Ahmad · · 2 min read🇸🇬 automotive firm to drive into Thailand
Singapore-based automotive platform Motorist is planning to enter Thailand, with an official launch slated for November. It’s aiming to become a premier automotive concierge service for consumers in the country.
Team Motorist/ Photo credit: Motorist
It will be investing nearly US$303,524 for expansion into Thailand, a Motorist spokesperson told Tech in Asia.
The Thai version of its website will be live starting this month. The firm will eventually launch the local version of its app in November. It is aiming to hire 30 employees for its local Thai office.
Motorist, which was created in 2015, facilitates various vehicle-related transactions, ranging from identifying car valuations, listing second-hand vehicles for sale, and applying for auto loans and insurance. Its app, which is currently operational in Singapore, also has driver safety features such as road assistance and flood alerts. An app for customers in Malaysia will be rolled out in the second quarter.
In September, the company raised S$1.2 million (US$891,700) in seed funding from an AngelCentral syndicate led by angel investor Lim Der Shing, co-founder of JobsCentral.
See also: Thailand wants to be Southeast Asia’s logistics hub. These startups are on the case
Currency converted from Singapore dollars to US dollars: US$1 = S$1.34.
Update (Jan. 20, 7:10 p.m. SGT): This article was updated to add Motorist’s investment and hiring plans for the Thailand unit.
Editing by Collin Furtado and Jaclyn Tiu
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
