Get Faster Profits, This Local Aftermarket Company is Ready to Become a Pioneer in Electric Vehicle Services

Otoklix Management. (Doc. Otoklix)

JAKARTA - A local automotive aftermarket company, Otoklix, has experienced significant revenue growth in the last two years. This startup company reported double revenue growth from year to year, with positive economic growth reaching double digits.

"Our growth in positive unit economics with double digits shows that we are on the right track, and this is just the beginning," said Otoklix Founder and CEO, Martin Reyhan Shuryohusodo, in his statement, Friday, September 8.

Even though Otoklix has quickly achieved profits of 16 billion US dollars, the automotive aftermarket industry in Indonesia is still faced with a number of challenges. The vehicle repair process in Indonesia is often complicated, authorized dealers face high fees and long waiting times. On the other hand, the independent repair shop sector, which dominates 80% of the market, faces problems such as the risk of fraud, lack of standardization and unsatisfactory after-sales service.

With support from AC Ventures as an investor, Otoklix is ​​committed to solving this problem by providing a platform that offers an easier, more standardized and transparent vehicle maintenance process. Otoklix also plans to open its own repair shop to increase margins, as well as exploring business-to-business (B2B) solutions in close collaboration with corporate clients such as Telkom Group.

In addition, Otoklix has the ambition to become a pioneer in aftermarket services for electric vehicles in Indonesia with a focus on preparing the workshop team to service electric motorbike repairs.

This company also has a strategic partnership with Pertamina, the state-owned oil and gas company, to restore the Bright Olimart service network at Pertamina petrol stations.

Otoklix is ​​an automotive aftermarket provider company in Indonesia that has been established since 2019 and operates in an online to offline business model. Otoklix transforms the vehicle maintenance experience for consumers and provides business software solutions and procurement savings for their partner workshops.