Loading organizations...
Mtor operates an online-to-offline marketplace platform dedicated to streamlining the procurement of automotive spare parts. The company provides workshops with a comprehensive, on-demand solution for sourcing a wide array of auto components, utilizing sophisticated technology to bring transparency and efficiency to the traditionally fragmented automotive aftermarket. This approach addresses critical logistical challenges in the supply chain for mechanics.
The company was co-founded by Mohamed Maged and Moaz El-Megharbel, who recognized the significant inefficiencies and lack of transparency within the automotive spare parts ecosystem. Their vision was to establish a business-to-business marketplace that empowers local car mechanics by offering reliable access to parts and fostering more equitable pricing structures, thereby modernizing a foundational industry segment.
Mtor primarily serves automotive workshops and independent mechanics, providing them with a digital portal to access necessary parts. The company's long-term vision is to become the trusted, go-to platform for automotive aftermarket supply, ensuring that mechanics can consistently procure high-quality components at transparent prices, ultimately supporting the longevity and efficiency of vehicle maintenance and repair services.
Mtor has raised $3.0M across 1 funding round.
Mtor has raised $3.0M in total across 1 funding round.
Mtor has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in December 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2023 | $3M Seed | — | Algebra Ventures, Blackhorn Ventures, Dutch Founders Fund, DX Ventures, Global Ventures, Third Sphere, S J, Aditum Investment Management, Loftyinc Capital | Announced |
Direct answer: Mtor is a technology company that—based on available public records—appears in at least two different businesses: (A) Mtor (mtor.co) operating as an online-to-offline marketplace for automotive spare parts and workshop procurement, and (B) MTOR / Mtor Life Sciences (mtorgroup.com) offering lab / life‑sciences products and services; these are distinct organizations with different missions and products.[3][1]
High‑Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech / Industry Landscape
Quick Take & Future Outlook
Caveats and data limits
Mtor has raised $3.0M in total across 1 funding round.
Mtor's investors include Algebra Ventures, Blackhorn Ventures, Dutch Founders Fund, DX Ventures, Global Ventures, Third Sphere, S J, Aditum Investment Management, LoftyInc Capital.