KUALA LUMPUR, 15th March 2024 – iMotorbike, Southeast Asia’s leading motorcycle platform for buying and selling pre-owned motorcycles, took its expansion to the next gear today with the grand unveiling of its expansive new showroom in Glenmarie, Shah Alam. Spanning three floors and covering an area of 46,806 square feet, the showroom can accommodate up to more than 1500 motorcycles.
Established in 2017, iMotorbike began its journey in a modest apartment before rapidly expanding to a 3,000-square-foot store in Petaling Jaya, leading to the culmination of this latest showroom. Offering a seamless online motorcycle buying experience, the platform ensures quality through 170 inspection points and 6-day return, 6-month warranty, along with nationwide delivery. The new showroom is open to the public and is located at 12, Jalan Perpustakawan U1/62, Kawasan Perindustrian Temasya, Shah Alam, Selangor.
The innovative technology company has added additional value-added consumer services such as bundled finance, road tax, and insurance options. This pairs well with up-to-date motorbike news and the opportunity to view and test-drive motorbikes from one of the largest selections in the country.
Gil Carmo, CEO and Founder of iMotorbike shared, “We are excited to launch our brand new landmark showroom in Shah Alam that is the first of its kind in Malaysia. We have one of the largest selections of pre-owned motorbikes on display for our customers to cater to the
increasing demand for quality vehicles and service. The showroom also shows our continued commitment to helping build the pre-owned market in Malaysia and providing a trusted platform for both buyers and sellers.”
iMotorbike has achieved impressive financial success, generating over RM 28 million of annualised revenue. The company’s success has attracted the attention of prominent investors, including Permodalan Negeri Selangor Berhad (PNSB), making iMotorbike the first portfolio company to receive investment from PNSB. This strategic partnership signifies the state government’s recognition of iMotorbike’s potential and contribution to the state’s economic development.
With a strong presence in Malaysia and Vietnam, the launch of the new showroom represents a significant milestone for the company, reaffirming its dedication to delivering an exceptional experience for its customers.
Empowering local talent in the motorbike industry In a move towards fostering local talent and advancing the motorbike industry, the launch event also witnessed the signing of a Memorandum of Understanding (MoU) between iMotorbike and the Selangor Technical Skills Development Centre (STDC) to empower the education and youth development of Selangor.
Distinguished guest, YAB Dato’ Seri Haji Amirudin bin Shari, Chief Minister of Selangor, officiated the ceremony and witnessed by YM Raja Ahmad Shahrir Iskandar, Chief Executive Officer of Permodalan Negeri Selangor Berhad (PNSB), Mr Nazri bin Noh, Chairman of STDC, Gil Carmo and Sharmeen Looi, co-founders of iMotorbike.
“The Selangor government always supports initiatives that equip our young generation with the skills and knowledge necessary to excel in the workforce. This MOU with iMotorbike is a shining example of such collaboration, fostering a unique training programme that empowers students, bolsters our technical industries, and ultimately fuels the state’s economic growth,” stated Mr Nazri bin Noh, Chairman of Selangor Technical Skills Development Centre.
The collaboration allows STDC students and graduates 16 years old and above to pursue specialised motorbike technician certifications, paving the way for rewarding careers in the industry. Not only that, the partnership also leverages the resources of the Selangor tech space, further amplifying the state’s focus on tech education and innovation.
“PNSB, as a state-linked entity, stands apart from conventional venture capital firms. Our unique position allows us to act as a bridge between startups and the state apparatus. Today’s Memorandum of Understanding (MoU) signing exemplifies this commitment,” said YM Raja Ahmad Shahrir Iskandar, CEO of PNSB.
With a shared commitment to youth development and technological advancement, this MOU paves the way for a more innovative and empowered Selangor. “As the Menteri Besar, I am proud to witness such initiatives that not only contribute to our state’s economic growth but also empower our youths to become leaders in their respective fields. I commend both iMotorbike and STDC for their vision and dedication towards fostering talent development and industry growth,” stated YAB Dato’ Seri Amirudin Shari, Dato’ Menteri Besar Selangor.
“Congratulations as well to PNSB on your first investment and it is important to note that PNSB has brought to reality the points I made about the Selangor Innovation Fund in my address at the 2021 Selangor State Budget Tabling,” YAB Dato’ Seri Amirudin added. iMotorbike believes that everyone deserves a chance to excel, regardless of their academic background. Through this program, iMotorbike will equip young minds with the skills and opportunities they need to find fulfilling careers and contribute to Selangor’s thriving tech and innovation landscape. They are also offering special discounts to Selangor residents to make motorcycle ownership more accessible, fostering a passion for biking within the community.
For more information about iMotorbike, please visit their website here
