Carly, a Saudi e-commerce platform specialized in buying and selling used cars, announced the closure of an investment round that raised one million US dollars through angel investors, through which it aims to develop its technologies, employ competencies and facilitate customer procedures.
Founded in 2021 by Faisal Redha and Yousef Alhogail, Carly seeks to cover all stages of buying and selling used vehicles among users across the KSA. The platform indicates that it provides a range of services with transparent prices, financing packages, and home pick-up and delivery services.
According to its statement, the company intends to launch the first B2B bidding platform to enable car showrooms and dealers to trade vehicles within an open market that is guaranteed in terms of inspection standards, and aspires to be the first destination for individuals and car dealers in terms of used cars.
Faisal Redha, Co-Founder and CEO of Carly, said: “The used car trade through online platforms or applications is still in its infancy with only 3% to 5% of the total market, due to the lack of trust among consumers. Carly’s role comes in providing valuable service, focusing on quality, transparency and credibility, where we put the customer first of our priorities and achieve sales second.”
It is worth noting that the used car market in Saudi Arabia is about $ 16.8 billion, and it is expected to grow to reach $ 24.3 billion by 2025, according to a company statement.
Also Read: 10 Unique Startup Accelerators and Incubators in Saudi Arabia
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Last Updated on February 9, 2023 by Safiya K
