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Malaysia's SERV wants to be the app for vehicle owners; growing 2X year-on-year

SERV has recently closed a $106k in funding via equity crowdfunding (ECF)


Malaysia's SERV wants to be the app for vehicle owners; growing 2X year-on-year | BEAMSTART News

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SERV, a Malaysian startup on a mission to become the 'super app' for vehicle owners, has just raised RM1.5 million (~$362k) in a new funding round.

The round was raised via equity crowdfunding (ECF) platform PitchIn, with a participation of 77 investors in total.

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The SERV platform, providing end-to-end vehicle services.

SERV wants to be the vehicle super app

Founded in 2017 by Arief Imran, SERV is a one-stop platform for vehicle owners to manage and stay updated on the health of their vehicle(s).

The app allows users to search for various vehicle-related services, make payments/bookings, track their vehicle's health report in the digital space, and more.

The company also aims to become the end-to-end solution (vehicle super app) for vehicle-related services, by consolidating everything into a single platform.

Founder of SERV, Arief Imran from Malaysia.

SERV is growing 2X year-on-year

Since its inception, SERV's platform is now used by over 11,000 users across 9,000 vehicles in the country.

The company operates out of Malaysia, but reportedly has R&D initiatives in the United States.

SERV has also generated over RM2.6 million (~US $641,025) in cumulative revenue to date, with a year-on-year growth of over 2X.

Moving forward, the SERV aims to use the fresh funds to further solidify their presence in Malaysia, and to subsequently expand into a new market in 2021.

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ABOUT THE AUTHOR

Alfred Lee

Journalist at BEAMSTART. I write about breaking business news in the region.

Based in Malaysia

Works at BEAMSTART

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PitchIn

pitchIN is the Home of Crowdfunding in Malaysia.

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