The Car Care Business in Indonesia is Still Promising
The pandemic that hit Indonesia in 2020 forced many businesses to go out of business, due to weakening people's purchasing power and calls to temporarily carry out all activities at home.
But now, several business sectors, including those related to the automotive, are rising again. One example is the car maintenance business, starting from washing to maintaining the condition of the paint and interior.
As experienced by Autoglaze, a company engaged in auto detailing and paint protection services in Indonesia since 2008. Their success story began, after being trusted by various automotive brand holder agents to handle car washes.
Chief Executive Officer of Autoglaze, Robby Kurnia said that currently his party has more than 1,000 employees and is washing thousands of units of vehicles per day.
"We can wash around 7,000 vehicles throughout Indonesia in one day, with nearly 1,000 employees," he said in North Jakarta, Wednesday 8 February 2023.
According to Robby, the business they are running in the future can be even bigger and the services offered will also be more varied. That's why Autoglaze then decided to offer their shares to the public with a crowdfunding securities system.
To do this, they partner with startup alias Bizshare startup, which has been engaged in organizing crowdfunding securities since 2018.
Autoglaze provides an opportunity for the public to own a 49 percent stake in the Autoglaze outlets of the Tendean and Fatmawati Gas Station branches in Jakarta, which were chosen because of their location close to office areas, housing, hospitals, schools and government buildings.
The conditions for buying shares in the two Autoglaze locations are paying IDR 1.85 million, which contains 20 shares worth IDR 1 million and membership worth IDR 1.8 million.
"This concept is the newest and first scheme in Indonesia, in which Autoglaze and Bizhare combine a share offering scheme with membership," said Bizshare CEO, Heinrich Vincent.