Morni
Latest round
- Series B
Last raised
- Dec 2020
Total raised
- $9.1M
Investors
- 3
About Morni
, doing business as Morni, is a comprehensive automotive services platform offering various solutions for vehicle owners, including roadside assistance, vehicle auctions, maintenance services, and claims management, all integrated within a single application. Morni, founded in 2015 in Saudi Arabia, operates as an automotive services platform catering to the needs of vehicle owners. The founders, Khaled Altuwaijri and Yousef Abed, have provided their expertise in establishing a reliable service for vehicle management in the region. Morni offers a comprehensive suite of automotive services designed to address the diverse needs of vehicle owners in Saudi Arabia. These services include 24/7 roadside assistance for emergency situations, an efficient marketplace for vehicle auctions, regular vehicle maintenance under Morni Care, and a streamlined claims management process through Morni Claims.5 million vehicles, catering to both individual consumers and businesses across the Kingdom. Morni's revenue model is based on direct-to-consumer and business-to-business transactions via its unified platform. Customers subscribe to various service packages, which include roadside assistance memberships, auction fees, and maintenance service agreements. Revenue is generated through service fees associated with transactions, enhancing customer loyalty and promoting repeat usage through a seamless transactional experience.
Who invested in Morni
3 investors across 2 rounds
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Questions about Morni
Who invested in Morni?
Morni has 3 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Morni raised?
Morni has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Morni last raise money?
Morni's most recent round on record is a Series B, in Dec 2020.
What does Morni do?
, doing business as Morni, is a comprehensive automotive services platform offering various solutions for vehicle owners, including roadside assistance, vehicle auctions, maintenance services, and claims management, all integrated within a single application.
Where is Morni headquartered?
Morni is headquartered in Saudi Arabia.
Which VCs invest in companies like Morni?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Yufu Capital, ICBC Capital Management and Ningbo Tongshang Fund back automobiles, other vehicles & parts companies at Morni's stage. Their profiles are linked below.
VCs backing automobiles, other vehicles & parts startups at Series B
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