Founded in 2014, Bateriku.com wants to list in 2027, hit revenue of RM170 million in 2024, and continue to expand its margins and profitability.



On this episode of Open For Business, we speak to Founder and CEO Azarol Faizi about the 10 years journey and how his previous OEM business led to Bateriku.com, the evolution from car battery replacement service to an ecosystem, its plans for growth and how to expand margins, how the funds raised will be used, and its 2027 IPO aims.



Bateriku.com started as an on-demand car battery replacement service provider in Malaysia and has evolved into an ecosystem that connects car users to roadside assistance, trusted workshops, auto parts marketplace and ancillary services. 



The company has served close to 1.5 million car owners and made RM95 million revenue in 2023, clocking in double-digit EBITDA and single-digit Profit After Tax (PAT). Bateriku expects to hit RM170 million this year.



Announced on April 1st, Bateriku.com successfully raised RM10.1 million in funding through a joint investment by VentureTECH and VentureTECH SBI, as part of a RM37 million funding round. Other investors for this round include KWAP and Gobi Partners. This was only their second round in 10 years of business. The first external funding round was an RM10 million round in 2022 from Malaysian Technology Development Corporation (MTDC), a wholly-owned subsidiary of Khazanah Nasional Berhad.

Founded in 2014, <a target="_blank" rel="noopener noreferrer nofollow" href="http://Bateriku.com">Bateriku.com</a> wants to list in 2027, hit revenue of RM170 million in 2024, and continue to expand its margins and profitability.On this episode of Open For Business, we speak to Founder and CEO Azarol Faizi about the 10 years journey and how his previous OEM business led to <a target="_blank" rel="noopener noreferrer nofollow" href="http://Bateriku.com">Bateriku.com</a>, the evolution from car battery replacement service to an ecosystem, its plans for growth and how to expand margins, how the funds raised will be used, and its 2027 IPO aims.<a target="_blank" rel="noopener noreferrer nofollow" href="http://Bateriku.com">Bateriku.com</a> started as an on-demand car battery replacement service provider in Malaysia and has evolved into an ecosystem that connects car users to roadside assistance, trusted workshops, auto parts marketplace and ancillary services. The company has served close to 1.5 million car owners and made RM95 million revenue in 2023, clocking in double-digit EBITDA and single-digit Profit After Tax (PAT). Bateriku expects to hit RM170 million this year.Announced on April 1st, <a target="_blank" rel="noopener noreferrer nofollow" href="http://Bateriku.com">Bateriku.com</a> successfully raised RM10.1 million in funding through a joint investment by VentureTECH and VentureTECH SBI, as part of a RM37 million funding round. Other investors for this round include KWAP and Gobi Partners. This was only their second round in 10 years of business. The first external funding round was an RM10 million round in 2022 from Malaysian Technology Development Corporation (MTDC), a wholly-owned subsidiary of Khazanah Nasional Berhad.

The flagship entrepreneurship show on BFM, featuring personal business stories from early stage start-ups, all the way to billionaire octogenarians in Malaysia and abroad. Notable guests include Martin Cooper (father of the mobile phone), Julian Assange (founder of WikiLeaks), Ralph Henry Baer (father of video games), Tony Buzan (Mindmap Guru), Isaac Tigrett (Hard Rock Cafe founder), Robert Kiyosaki (Financial Guru), Nick Vujicic (motivational speaker) and more. Tap into this valuable resource of shared experiences for the SME industry, which also touches on news, issues and trends affecting the business community and beyond.

Open For Business

Discover fresh concepts, tackle obstacles, and unleash growth - Open For Business is the dynamic show where BFM engages with entrepreneurs, business leaders, and industry trailblazers, igniting inspiration, sparking success, and exploring new business models.

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