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SERV TECHNOLOGY

Vehicle Super App

SUMMARY VIDEO

COMPANY DETAILS

Summary

SERV Technology Sdn Bhd founded in 2017 by Arief Imran, a serial entrepreneur who managed various businesses prior to building SERV as a full vehicle maintenance app.

SERV introduces the concept of Vehicle Super App: An internet-based technology platform that focuses on providing a one-stop vehicle ownership management experience. The platform enables vehicle owners to own their vehicles digitally, search for various services, make payments, and track their vehicle health report. SERV is currently operating within Malaysia and has a presence in the US. We are also currently developing mobility-related technologies such as autonomous vehicles through our R&D arm within the SERV group of companies.

Problems

There is a major issue that the customer face with vehicle ownerships - We all know that car ownership is a nuisance; from driving license expiry, road tax renewal to the general diagnosis of the current condition of your vehicle. That’s why SERV is on a mission to make it less of a hassle. 

Too many apps available in the market - Imagine a customer who would like to do basic service, changing their tire and perhaps renewing their road tax or insurance. The customer needs to go to 3 different platforms just to run the necessary action on one vehicle. SERV acts as a platform that connects consumers with multiple automotive services and auto repair shops to complete their desired vehicle maintenance and repairs.  

Solutions

Believing that a well-maintained vehicle is a key to road safety, SERV builds a well-regulated platform to provide a convenient, fast, and reliable service in car maintenance. Customers can now save more of their time as they no longer need to commute or wait at the service center for a long time. 

Every service including the car health report allows the customer to have transparent information about their vehicle condition. This can help to notify the user when there is a fault in any of the vehicle parts that need to be fixed. The customer would also receive a detailed price quotation before proceeding to book the service. This would prevent them to pay more than what they expected every time they service their vehicle.

SERV's latest feature, Drive-In, allows workshop merchants to digitalize their workshop operations; from transferring vehicle’s condition data to customer to digital invoicing and receipt. The feature will allow workshop merchants to expand their customer base by having its own digital store in the SERV app and encourage repeat customers to serve their car at the workshop again. 

Product

At the moment, SERV currently operates two types of options on the app; Service On-The-Go and Drive-In. By maintaining the on-demand car maintenance service, SERV expands to serve the aftermarket businesses that were affected due to the global pandemic and introduces the Drive-In feature on the app which allows users to search for the nearest workshop and request customer’s preferred time to arrive. The feature allows digital payments to make the transaction easier especially in these times of post MCO. 

Traction

Since the inception of the idea of SERV in 2017, we have built a valuable brand through its achievements. In recognition of this series of achievements, SERV has been awarded a number of awards including selected as Top 40 Innovative Startup and Creativity Prize at ASEAN-ROK Startup EXPO, ComeUp 2019, and granted with the Winner and Judges Choice at Teraju SUPERB 2019.

The total income generated has grown until MYR 1.2M over the past years since 2018 which makes SERV grow its YoY growth to 3x.

Customers

Within the 2 years of operating SERV, the brand has built a valuable recognition to its own customers via word of mouth and marketing at a minimal cost. What started out from just around 5-6% active users has now grown to 70%, which makes our current number of users registered to have exceeded more than 10,000 in Q4 2019. Through these achievements, SERV continues to post strong results, keeping up with our current growth momentum and expansion plan, we expect our user base will grow over 5million users across the SEA region.

Business Model

Although we believe that adding value to vehicle ownership is crucial, we have to make sure the business is fed well to sustain in order to keep providing those values to our users. The first business model is our Service On-The-Go, which caters to on demand services, earning us between 5 to 15% of revenue sharing. We gain 15% from our mobile workshop providers who fully relied on SERV app and 5 to 10% from the direct integration with other providers (such as Bateriku.com and MyAssist roadside assistance) that complete the customer’s ownership journey with SERV. 

Second one is our newest feature on the app which we collaborated with our valued workshop partners to encourage digital transformation in their usual workshop operations. The usage is currently free for all workshop merchants and SERV makes 2% from each of the transactions that is made on the provided payment channels on SERV app. 

The third one is depending on the deals that we have with certain local manufacturers of suppliers that require custom solutions and feature integration on their system. This would involve certain software customizations and automation to be developed by our engineers. 

Market Trend

Automotive/aftermarket service sector is one of the top industries that gets a lot of complaints from users due to  the process still being quite conventional and a hassle for drivers all around the world. If we monitor the global market trends in the automotive sector, there are emerging solutions that are available and have been implemented in developing countries that include Indonesia and the Philippines.  Back to Malaysia, we have already built some vehicle services on demand such as Bateriku and MyAssist roadside assistance and SERV acts as the all-in-one vehicle services to complete vehicle ownership experience, from storing vehicle condition in the app, transparent services to getting all vehicle related services in SERV app.

Funding

SERV is now having more than 10k users and more than 70% of them save their vehicle  on the app. Independent of this angel round, SERV is already on track to achieve 100,000 users and 1000 merchants within a year from now, However we at SERV believe that great is never enough. Hence, we aim to reach more than 200,000 users and 2000 merchants by inviting angel investors to bring us to our next goal. We’re raising RM 2m funding within 12-18 months to achieve our next aim and most of the funding will go to Marketing and Operations as SERV is now entering the growth stage in our Retail-iation Plan.

Vision

Our main core value at SERV is user first.  Everything that we improve on our app is based on our users’ review and experience from booking, getting their vehicle serviced at their preferred time, reminding them to be aware of their current vehicle state. We simplified and keep  improving our app to be more user friendly based on our users’ feedback to ensure their vehicle ownership experience is at ease.

Investors

Our corporate structure has been varied to many touchpoints in mobility and now has grown with 3 more companies within the SERV brand. The first one is REKA Inisiatif Sdn Bhd which focuses on AI technology, big data analytics and autonomous mobility. REKA is also the backbone of SERV’s tech development  and was known for pioneering Malaysia’s first self driving car back in 2016. 

The second one in our group is SERV Technology US LLC which is a joint venture company that brings SERV to the United States. We’ve signed a LOI with one of the biggest dealership chains in the US and will roll out soon in Q3-Q4 this year. However, due to the current COVID-19 pandemic that hits the globe, the announcement has been delayed and is still on track. 

We’ve invested in having an Associate company that is building an innovation to develop cloud kitchen solutions, focusing on food and beverages. Since SERV as a company that focuses on mobility advancement, we invest our cash reserves in mostly mobility related initiatives to build a strong team in achieving our end goal.

Founders and team

We are a team of 15 members that are diverse in various backgrounds to build a strong team within the SERV Group. Each of the individuals 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 goal; to bring SERV at a global level. We are a team of young, vibrant and committed individuals who aim not just to 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

Interview session with RTM during the launching of SERV latest version - https://www.youtube.com/watch?v=YBYErZpsGqQ

Featured on Digital News Asia: Smart partnership between SERV, JomParking and Bateriku.com to bring the convenience to Malaysia’s drivers - https://www.digitalnewsasia.com/startups/magic-startup-alumni-collaborate-help-ease-malaysias-car-woes

Featured on Vulcan Post - https://vulcanpost.com/680038/malaysia-mobile-apps-car-servicing-roadside-assistance/

Featured on Bernama Ekonomi in regards to the launching of its latest version in July 2019 - https://www.bernama.com/en/news.php?id=1748613

Bernama coverage - SERV aimed to be Southeast Asia’s automotive super app - https://www.bernama.com/en/news.php?id=1780409

Bernama coverage - SERV aimed to be Southeast Asia’s automotive super app - https://www.bernama.com/en/news.php?id=1748613

 

 

 

 

 


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03
JUL

SERV ACQUIRES AUTONOMOUS VEHICLE STARTUP REKA

8 days 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

2 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.

2 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

about 2 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

2 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

2 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.

7 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

2 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

2 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

2 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 

6 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

7 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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