Montir Raise Series A Funding from East Ventures
3 July 2018
Jakarta, 3 July 2018 – Montir, an on-demand automotive service and spare part company that aims to bring car workshop to customer’s location, announced earlier today that it has secured undisclosed amount of Series A funding from East Ventures. The investment will accelerate Montir’s mission to become the top one-stop solution for automotive servicing needs.
First met in Seattle as finance students, Mikhail Laurus and Dennis Eka Putra founded Montir in 2016 with mission to create a new innovation on automotive industry by applying tech to make the process simpler and more convenient.
In Jakarta itself, car service market (not including body repair) is estimated to be as much as USD 1 billion per year. However, it is one of the most time-consuming activity as many car owners are burdened to as they could spend hours, or even days, just to queue and have for their car repaired. With the rapid growth for on-demand services and e-commerce, many car owners want a one-stop car solution where they can save time and money without compromising service quality. Montir strives to be that solution.
Mikhail, Montir Co-Founder says, “Getting the best price and quality has been a challenge in the automotive industry. If car owners go to authorized workshops, the quality will be excellent but the price is on the higher end. Going to non-authorized workshops will be cheaper but the service quality is questionable. Montir provides the best of both.”
“The process is very simple,” he adds. “Customers can go to our online platforms, tell us what car problem they are facing and schedule for consultation. Our service advisor then will come to inspect the car and advise what service or spare parts the customer need to purchase. Once agreed, we will send the parts and replace them right away on the location.”
Dennis, Montir Co-Founder says, “Almost all of our customers are surprised on the level of services we provide and how it can be done in their location. We are proud to be the only company in Indonesia that can do heavy repair and spare part changes in customer’s location. We also provide several qualities of spare parts to fulfill customer’s budget, ranging from original quality, aftermarket parts, to used spare parts. Through our platform, customer will save a lot of time by not going to workshops and leaving the car there for a few days.”
Willson Cuaca, Managing Partner of East Ventures says, “Montir is solving inefficiency problem in the growing automotive industry. Indonesia has 129+ million vehicles on the road (80% motorcycles and 20% cars). The founders have exemplified the ability to deliver high quality automotive services faster and cheaper at any location. We believe that Montir is poised to take the automotive service industry to the next level.”
Founded in 2016, Montir.id is the first online platform in Indonesia that offers on demand car services and repairs ranging from routine maintenance such as oil change and brake servicing to heavier repairs such as radiator replacement and AC repairs. Currently customers can conveniently book their services online via website or mobile app. Aside from car repair and servicing, Montir.id also provides car salon and towing services. https://montir.id
About East Ventures
East Ventures is an early stage venture fund focused on Southeast Asia and Japan. Over several years, East Ventures has invested in hundreds of companies in Indonesia, Singapore, Japan, Malaysia, and Thailand. The majority of East Ventures’ portfolio firms have been able to raise follow-on financing rounds.
East Ventures has a strong track record in developing pan-Asia tech-ecosystems and backing startups in their early days. Success cases include companies such as Tokopedia, Traveloka, Mercari, Disdus (acquired by Groupon), Kudo (acquired by Grab), Tech in Asia, Omise, IDNTimes, Ruangguru, Jurnal, Cermati, Moka POS, ShopBack, CoHive, PasarPolis, Cicil, and Loket (acquired by Gojek). https://east.vc