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SERV TECHNOLOGY

Vehicle Super App

SUMMARY VIDEO

COMPANY DETAILS

SUMMARY

SERV was established in 2017 with the sole mission to “simplify vehicle ownership” by providing vehicle owners with a one-stop platform that allows them to truly own their vehicles, search for various services, make payments, and track their vehicle health report in the digital space. In the beginning, SERV started with an on-demand feature that provides door-to-door car maintenance service but soon introduced Drive-In during the pandemic, a new feature on the app that allows workshop merchants to get connected with customers via SERV app. Currently, SERV is actively operating in Malaysia while they’re expanding their presence in the US. SERV is also in the works of developing mobility-related technologies such as autonomous vehicles through our R&D arm within the SERV group of companies.

PROBLEMS (USERS)

Business owners struggling with COVID-19 - after the pandemic struck, many local businesses were forced to close due to the inability to cope with the MCO and the strict SOP’s that have been put in place. Lack of proper record keeping - from vehicle records to invoices, most of the documentation is done in the paper which takes up storage and may endanger workshop owners during this crucial time of going contactless. Unable to reach a wider network - Many local workshops’ survival depends on a list of loyal customers that they have slowly accumulated in their time. However, with the ever-increasing number of workshops, they would need to reach a wider customer base in order to thrive.

SOLUTIONS 

USER

MERCHANTS

In order to simplify the process of vehicle ownership, SERV created an app that provides users with a complete vehicle maintenance platform where they are able to issue multiple services on their vehicles, all in one platform. Prior to every service, users can review the services offered as well as the set prices which provides them with transparency and peace of mind.

In addition to providing services, the app stores each customer’s vehicle records for their future maintenance. This allows users to be reminded of their upcoming services and to monitor their vehicle’s current health status.
 

SERV has developed a Workshop Management System dashboard that allows workshops to take their daily operations online and operate in a contactless environment. This system also allows workshops to issue invoices as well as receive payments digitally which isn’t only convenient but also keeps them and their customers safe.

PRODUCTS

Currently, the SERV app offers two service options for our users; Service On-The-Go and Drive-in.  

 

Currently, the SERV app offers two service options for our users; Service On-The-Go and Drive-in. Service On-The-Go provides our users with the option to book a service at their convenience where we connect our users with mechanics who can complete services at our user’s preferred time and location. Our latest feature, Drive-In, allows users to search for the closest workshop in exchange for the customer's preferred time of arrival. By maintaining the on-demand car maintenance service, SERV expands to serve the aftermarket businesses that were affected due to the global pandemic.



For our workshop partners, we offer the Workshop Management System that allows workshops to monitor their daily operations such as transactions, customer databases, and more on their business’ dashboard. Besides promoting a paperless workspace, we also encourage workshops to go contactless as we offer digital invoicing and online payment options for theirs as well as their customer’s safety during this pandemic.

TRACTION

Since the beginning, SERV built a valuable brand through its achievements. In recognition of our achievements, SERV has been awarded a plethora of awards including a spot on the Top 40 Innovative Startups and Creativity Prize at ASEAN-ROK Startup EXPO, ComeUp 2019, as well as being granted with the Winner and Judges Choice at Teraju SUPERB 2019. With this, the total income has accumulated to MYR 2.4M since 2018 which allows SERV to grow its YoY growth to 3x.

Following the recognition via word of mouth and marketing at a small cost, SERV has grown from just around 5-6% active users to now more than 70%, which makes our current number of users registered to have exceeded more than 11,000.

CUSTOMERS



For our SERV app, our customers are young vehicle owners who aim to better understand and take care of their vehicle without the hassle of a complicated process. These vehicle owners live busy lives with no room in their daily routine to set aside the time for a car service. However, for our Workshop Management System, our customers are automotive-related businesses that require a platform where they can systematically operate their business or a place for them to reach a wider range of customers.

BUSINESS MODEL

Although we believe that adding value to vehicle ownership is crucial, we must ensure that the business is able to sustain said values to our users. One of the first business models is Service On-The-Go which earns us between 5 to 15% of revenue sharing. We gain 15% from our mobile workshop providers who fully rely on the SERV app and 5 to 10% from the direct integration with other providers, such as Bateriku.com and MyAssist roadside assistance.

Another business model is our latest Drive-In feature where we collaborate with workshop partners to encourage a digital transformation within their daily operations by creating a platform known as our Workshop Management System. The platform we provide is currently free to use. However, SERV earns 2% from each transaction made on the provided payment channels on the SERV app. Lastly, we also depend on the deals made with certain local manufacturers that require custom solutions and feature integration within their system. This involves certain software customizations and automation to be developed by our engineers.

MARKET

In the present day, the Malaysian automotive industry is the third-largest in Southeast Asia, and the 23rd largest in the world, with an annual production output of over 500,000 vehicles. Malaysia’s Manufacturing sales in August 2020 stood at RM118.5 billion, grew 1.7 percent as compared to the previous year. The rise in sales value in August 2020 was driven by the increase in Transport Equipment & Other Manufactures Products (16.2%).

On the user's end, there are 31.2 million units of motor vehicles registered in Malaysia as of December 31 last year, and it consists of cars, commercial vehicles, and motorcycles. The latest data also provides the necessary to determine the overall increase in vehicles in Malaysia over the past 10 years – in 2010, vehicle registrations in the country were recorded at 20.18 million units, and so the latest figure translates to just over 11 million new registrations in the 2010-2019 period or an average of 1.1 million units per year for the decade.

COMPETITION

By monitoring global market trends in the automotive sector, you will find that there are emerging solutions that are being implemented in developing countries such as Indonesia and the Philippines. However, in Malaysia, we already have on-demand vehicle services such as Bateriku and MyAssist roadside assistance. SERV acts as the all-in-one vehicle services to complete vehicle ownership experience.

FUNDING

We aim to raise RM2m of funds within the next 12-18 months to achieve our next goal. Within the coming year, these funds will be utilized as follows:

 

INVESTORS

In 2018, SERV managed to successfully obtain funding from the Cradle CIP300 grant. Additionally, we’ve also received further funding from TERAJU SUPERB amounting to RM500k in 2019. These generous funds from our investors allowed us to better market our products to both users and merchants which helped us severely increase our numbers within the past 2 years.

FOUNDERS & TEAM:

SERV Technology Sdn Bhd was founded in 2017 by Arief Imran, a serial entrepreneur who managed various businesses prior to building SERV as a full vehicle maintenance app. Our strong team of 24 members is composed of members with diverse backgrounds. Each individual in SERV Group is not just backed with years of experience in multinational and local corporations, but willing to work in a team that is filled with extraordinary efforts to achieve our unified goal; to lead SERV to a global level. We are a team of young, vibrant, and committed individuals who aim to not just build a practical app for vehicle ownership experience but also to position Malaysia as a key player in the global stage of automotive/mobility sector. 

PRESS

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16
JUL

RETAIL - IATION: SERV TAKES ON DIGITIZING AFTERMARKET SECTOR, REVIVING THE ECONOMIC SECTOR POST - MCO

4 months ago by Arief Imran
draft

SERV launches Retail-iation program, to enhance digitalisation of automotive after market businesses in adapting to the “new normal” of the post COVID-19 economy.

Read more here: https://serv.my/2020/07/07/retail-iation-serv-takes-on-digitizing-aftermarket-sector-reviving-the-economic-sector-post-mco/

03
JUL

SERV ACQUIRES AUTONOMOUS VEHICLE STARTUP REKA

5 months ago by Arief Imran
draft

In response to these unprecedented times, mobility technology is definitely navigating throughout this current global phase and forcing most SMEs to convert their business to be more digital friendly. This joint effort will be a breakthrough in the automotive sector with many new opportunities emerging, and new challenges in starting with the year 2020.

Read more on https://serv.my/2020/06/29/serv-acquired-autonomous-vehicle-startup-reka/

12
MAY

Featured on RTM during the launching of SERV latest version

7 months ago by Arief Imran
draft

https://www.youtube.com/watch?v=YBYErZpsGqQ

July 2019 - SERV was interviewed by RTM in Tamarind Suites, Cyberjaya during the celebration of SERV’s 2nd year anniversary to talk about the latest version release of the SERV app. Besides providing insurance coverage and road tax, car battery replacement, and health insurance, SERV came out with its latest feature which is the Car Health Report that provides the customers with diagnostic, maintenance, and recall information of the real condition of their car so they can stay on top of the vehicle's requirements. This can help to alert the customers of the car's faulty and prevent other car problems. This allows for a uniform and individual user experience as customers by catering to the needs of drivers.

12
MAY

Featured on Digital News Asia: Smart partnership between SERV, JomParking and Bateriku.com to bring the convenience to Malaysia’s drivers.

7 months ago by Arief Imran
draft

https://www.digitalnewsasia.com/startups/magic-startup-alumni-collaborate-help-ease-malaysias-car-woes

May 2018 - SERV was featured on Digital News Asia (DNA) for the potential of combining innovative ideas to create a high impact solution and is committed to ensuring the exclusivity of vehicle ownership. The on-demand service app provides maintenance services by uniting expertized freelance car mechanics to users’ doorsteps. With relative promising transparency by providing users with a comprehensive car health report and a price quote prior to the hiring of their service.

15
MAY

Offline marketing initiative: Series of Car Health Campaign

6 months ago by Arief Imran
draft

May 2018 - SERV has been organizing the Car Health Campaign and intended to promote the series of free car health checkups that was held in Cyberjaya and Kuala Lumpur as a part of the offline marketing initiative that aims to spread the awareness of regular vehicle care, maintenance, and repair to the customers. The campaign is a symbolic action that demonstrates the importance to be visible in offline marketing and that small measures can serve and look after the valued customers.

12
MAY

Featured on Vulcan Post

7 months ago by Arief Imran
draft

https://vulcanpost.com/680038/malaysia-mobile-apps-car-servicing-roadside-assistance/

July 2019- SERV was featured in one of the stories of Vulcan Post  ”5 Msian Apps that take the hassle out of car repair, by bringing the services to you”. Introduced as one of the on-demand car servicing platforms that  helps the average Malaysian to regularly maintain their cars, and to help mechanics, especially freelance ones, to become a part of SERV Partners. SERV ultimately believes that every vehicle owner deserves a safe, transparent and reliable source of services at their fingertips.

12
MAY

Featured on Bernama Ekonomi in regards to the launching of its latest version in July 2019

7 months ago by Arief Imran
draft

https://www.bernama.com/en/news.php?id=1748613

June 2019 - SERV was featured in a story in the Bernama Ekonomi about the following official announcement of launching its latest version of the app. This initiative will help to upgrade vehicle ownership by having the most superior experience in car maintenance and servicing basis to increase their vehicles durability. 

24
DEC

Winner of SUPERB 2019 and the Judge's Favourite Presentation on the Second Day.

11 months ago by Arief Imran
draft

SERV was announced as one of the winners in the Bumiputera Entrepreneurs Startup Scheme (SUPERB) by TERAJU in their biggest business-focused reality competition, the SUPERB 2019 and was awarded with MYR 500,000.

SERV was also presented with the Award for the Judge's Favourite Presentation on the Second Day.

 

12
MAY

SERV app latest version release // 2nd birthday. Interview by RTM

7 months ago by Arief Imran
draft

July 2019 - SERV was interviewed by Bernama in Tamarind Suites, Cyberjaya during the celebration of SERV’s 2nd year anniversary to talk about the latest version release of the SERV app which is known as the Car Health Report.  With this new feature, users are able to track the condition of their registered vehicles just by downloading and accessing the SERV app. Thus, users can plan ahead for regular maintenance as well as schedule vehicle health checks when needed.

12
MAY

Featured on Bernama, SERV introduces latest version for car maintenance solution

7 months ago by Arief Imran
draft

July 2019-  SERV was featured in a story in the Bernama Ekonomi about the following official announcement of launching its latest version of the app that aims to provide every car maintenance solution. 

12
MAY

Bernama coverage - SERV aimed to be Southeast Asia’s automotive super app

7 months ago by Arief Imran
draft

October 2019 - SERV was featured in Bernama about the following story that introduces SERV as one of the startups that aimed to be Southeast Asia’s automotive super app and believes that every vehicle owner deserves a safe, transparent and reliable source of services at their fingertips. 

31
DEC

SERV awarded the Creativity Prize at ASEAN-ROK Startup EXPO, ComeUp 2019 

11 months ago by Arief Imran
draft

In November, SERV was selected as one of the top 40 innovative ASEAN Startups from 10 ASEAN countries by the ASEAN-Korean Centre to pitch their businesses live at the ASEAN-ROK Startup EXPO, ComeUp 2019 in Korea at the Gyeonggi Center for Creative Economy & Innovation from 18th November till 28th November in venues around Seoul.

After the two-day pitching sessions, SMEs and Startup Minister Park Young-sun has awarded SERV with the prestigious Creativity Prize award.

24
DEC

Partnership with MyAssist

11 months ago by Arief Imran
draft

SERV and MyAssist (a subsidiary of MyEG) entered into an MoU to enable SERV Users the accessibility to the MyAssist 24/7 feature, a nationwide road assistance service via the SERV App.



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