Leading the charge in revolutionising Malaysia’s on-demand roadside assistance landscape, VentureTECH and VentureTECH SBI have announced their joint investment totalling US$2.1 million (RM10 million) in Bateriku.com.
In a joint statement, the parties said, this partnership is set to empower Bateriku.com in its mission to redefine the roadside assistance industry by building its own ecosystem to connect battery, breakdown, “bengkel” (car workshops) and bazaar (auto parts marketplace).
VentureTECH and VentureTECH SBI have allocated US$635,000 (RM3 million) and US$1.4 million (RM7 million), respectively, to provide Bateriku.com with the essential resources required to further enhance its technology infrastructure, expand its service portfolio and scale its operations to meet the growing demand for efficient roadside assistance solutions.
Since its inception, Bateriku.com has emerged as Malaysia’s premier connected roadside assistance solutions provider, distinguished by its nationwide ecosystem and technology innovation, fulfilling customer satisfaction, every time, all the time.
Claimed to have served over one million vehicle owners, the startup offers comprehensive on-demand, on-site connected roadside assistance solutions, including battery replacement services, jumpstarts, tire replacements, car lockouts, fuel top-ups, and tow truck services, seamlessly integrating its services with the network of nationwide car workshops and auto part merchants. Its pioneering ecosystem approach has streamlined roadside assistance processes and set a benchmark for reliability and convenience in the industry.
Ahmad Redzuan Sidek, CEO of VentureTECH, said, “Bateriku.com has demonstrated remarkable resilience, agility, and innovation in transitioning from a conventional battery replacement business to a digitally-driven one, strengthened by its solid on-the-ground operations and excellent customer service. We believe that this strategic partnership will enable Bateriku.com to accelerate its growth trajectory towards becoming the one-stop solution provider within the roadside assistance segment and eventually position itself as a Vehicle Ownership Experience (VOE) platform.”
He added that this partnership reflects VentureTECH’s confidence in Bateriku.com’s potential to shape the future and develop local talent by providing high-income jobs, aligning with VentureTECH’s impact investment philosophy that aims to generate positive societal impacts.
Meanwhile, Mohd Jerry Tan, principal of VentureTECH SBI, said, “Our collaboration represents a collective commitment to innovation and excellence in the connected roadside assistance industry and ultimately the VOE market. This partnership underscores our belief in Bateriku.com’s potential to lead the industry forward, and we are dedicated to fueling its growth, fostering innovation, and expanding its influence across Malaysia and beyond.”
Bateriku.com is nurturing a dynamic and sustainable ecosystem, uniting its BHERO (front-line GIG technicians to serve vehicle owners), BPRENEUR (retail outlets to support Bateriku.com’s services), and BBUDDY (trusted workshops and auto part merchants to complement growing demand from vehicle owners) stakeholders through seamless integration atop an intelligent technology platform.
Currently, the startup is evolving into a VOE Provider by connecting the battery, breakdown, and “bengkel” verticals with its internally developed auto parts marketplace: bazaar. With this investment, Bateriku.com is strategically positioned to harness the power of innovation, streamline operations, and unlock unparalleled value for both customers and stakeholders.
This strategic initiative highlights the company’s commitment to cultivating technology innovation and efficiency, ensuring that every aspect of its operations is finely tuned to deliver exceptional service and exceed expectations across the board.
“We are excited to join forces with VentureTECH and VentureTECH SBI to accelerate our vision of redefining roadside assistance services by connecting the battery, breakdown, “bengkel,” and bazaar verticals into a seamless experience for vehicle owners. This strategic investment will enable us to scale our operations, expand our reach, and further enhance the customer experience,” said Azarol Faizi (pic), CEO of Bateriku.com.
This collaboration marks a significant milestone in Bateriku.com’s growth and signifies VentureTECH’s commitment to supporting innovative companies that elevate industry standards and drive productivity growth.
Source: Digital News Asia