Thailand’s mobility marketplace WYZauto raises US$2.25m with Malaysia’s Vynn Capital as lead investor

• Marks first investment from Vynn Capital's new Mobility & Supply Chain fund
• Vehicle maintenance sector in Southeast Asia has room for significant growth

WYZauto, Thailand's leading online tyre marketplace for vehicle maintenance businesses, has secured US$2.25 million (RM10.7 million) funding and a partnership with Vynn Capital, a Kuala Lumpur-based Southeast Asian venture capital firm specialising in mobility and supply chain sectors.

This marks the first investment from Vynn Capital's new Mobility and Supply Chain fund, backed by Malaysian pension fund KWAP, Sime Darby Bhd, Malaysia Venture Capital Management Bhd (Mavcap), AEI Capital, and other regional limited partners. The funding round, led by Vynn Capital, welcomes new investors including Vincent Lee, an early investor into Malaysia’s first unicorn, Carsome as well as other regional investors such as Oak Drive Ventures. The round is also participated by existing shareholders including Philippines-based Kaya Founders.

“We are very pleased to have Vynn Capital onboard. I realised in our early discussions that they were able to connect us with potential strategic players. Since the start, it is more than just funding. Their mobility synergy approach is very relevant as we aim at optimising the automotive maintenance industry,” said Louis Giraud (pic), founder of WYZauto.

“The vehicle maintenance sector in Southeast Asia has room for significant growth.  WYZauto is positioned exactly where the market needs it: their streamlining of the tyre supply chain creates a win-win situation for both repair shops, maintenance networks, wholesalers as well as brand manufacturers, driving efficiency and cost savings. We have an optimistic outlook for the company’s growth trajectory and look forward to supporting WYZauto’s continued expansion across countries like Malaysia, the Philippines, Indonesia and Thailand,” said Victor Chua (pic), founder and Managing Partner of Vynn Capital.

WYZauto is a tyre marketplace connecting Thai two-wheeler or four-wheeler vehicle maintenance businesses with a large selection of top tyre brands. The platform offers car maintenance businesses access to what it claims is the country’s largest tyre stock and will soon be expanding its coverage to include other vehicle parts, aiming to streamline the entire vehicle maintenance supply chain. The company works with numerous wholesalers and brands, helping them increase their e-commerce presence and reach new customers through the WYZauto platform.

WYZauto expanded into Malaysia last year, a market strategically positioned as a key hub for the mobility and automotive sectors. As part of this new partnership, Vynn Capital, with its deep understanding of the Malaysian market and leadership in mobility investments, will actively support WYZAuto's expansion there.

Understanding the need for more than just capital, Vynn Capital’s approach includes being an active strategic partner to portfolio companies. Their approach revolves around creating value through synergy within the entire investment network. In WYZauto’s case, Vynn Capital’s aim is to facilitate mutually beneficial partnerships that accelerate WYZauto’s growth within the Malaysian market by leveraging their existing connections, particularly in the mobility and supply chain sector.

In addition to supporting WYZauto’s growth, Vynn Capital is actively looking into other opportunities as well as startups from key markets like Singapore, Thailand, and Indonesia. Vynn Capital believes in the long-term potential of Southeast Asia's mobility market, with the region's automotive products market alone expected to reach US$79 billion in 2028, significantly exceeding 2023's US$61 billion. The firm sees this as an opportunity to support mobility solutions that can address the region's evolving and unique mobility needs.