Ethiopia - Startup under 3 years old

Describe your project or startup in a few words

Sparex auto an on-demand autoparts sourcing and delivery company, A game-changer in Ethiopia's autoparts industry, We are pioneering a digital-first approach to connect vehicle owners and garages with the parts they need.

01.01 Describe your startup in more detail

sparex auto is an online ondemand autoparts sourcing and delivery service company. In the current auto spare parts market vehicle owners and workshop mechanics often encounter significant challenges in sourcing and acquiring the right spare parts efficiently and cost-effectively which is leading to delays in vehicle repairs and maintenance especially in rular areas and fields.This is where the idea of automating the search of spare parts becomes a perfect opportunity to dive in. Sparex fills this gap by sourcing auto parts from trusted suppliers, comparing prices in real-time, and ensuring reliable doorstep delivery. our company has developed state of the art lifestyle application that satisfy the needs of vehicle owners and also developed a call center as an alternative.sparex is not only an autoparts app but a lifestyle app for vehicle owners.

01.02 What is the main problem you are trying to solve?

The traditional auto spare parts sourcing and delivery process is plagued with inefficiencies and challenges that Sparex aims to address. The key problems in the industry include: • Vehicle owners and workshop mechanics often face delays in sourcing the required spare parts, leading to prolonged repair times which reduces productivity. • When going to a store the possibility of finding the right compatible parts is somehow rare or tidy. • When going to a store to buy parts chances are we can’t get them all at one store so we have to go shop to shop to collect all the needed parts. • Sometimes we might find the parts but the prices for the parts gets overpriced, Customers often face challenges in comparing prices for spare parts leading to uncertainty about the fairness of costs leading to overspending. • Some sales persons might trick us by a rude service with a non-serviceable part or not compatible part using their talking and convincing skills. This creates dissatisfaction.

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

• Swift and efficient sourcing process, reducing wait times for customer and shop mechanics • Our platform provides wide range access of parts both in quality and pricing transparency, empowering the customers with the ability to compare and make informed decisions. • Quality assurance, we not only collaborate with reputable suppliers but we also do the quality and compatibility checked before dispatching the products. • It will have a team of mechanics, advisors and customer supporting staffs that confirm each part they are delivering are the right and compatible ones with the sample/car models. Delivery drivers and our safe tracking system will ensure safest logistics of packages to the door steps of the customers.

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

1. Vehicle Owners: Benefit from the convenience of ordering auto parts from their mobile devices and having them delivered directly to their location. This saves time and effort compared to visiting multiple stores to find the right parts. 2. Mechanics and Repair Shops: Gain access to a wide range of parts through a single platform, simplifying their procurement process and allowing them to focus more on repairs and customer service. The real-time tracking feature ensures they can plan their work more efficiently. 3. Auto Dealerships Enhance their service departments by ensuring a steady supply of genuine parts, improving customer satisfaction and loyalty. 4. Suppliers and Vendors Expand their market reach and increase sales by connecting with more customers through the Sparex platform. The real-time tracking and price comparison features help them remain competitive and responsive to market demands. 5. The Automotive Industry:The overall automotive ecosystem benefits from efficiency.

01.05 When was your company established?

2023-12-27

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

2

01.08 Among the other owners, how many are female?

0

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

Akrem ibrahim nuru CEO/Engineer/Mechanic Aymen Nurhussen Ibrahim COO/software developer and manager

01.10 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link(s) here:

https://www.instagram.com/sparexauto?igsh=MXI4bjN0aWxzN2o0b2W%3D%3D&utm_source=qr

01.11 Which industry best describes your project?

e) Secondary commodities (cars and parts, consumer durables and apparel, retail)

02.01.01 My startup contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification for my startup

creates gig and permanent job oportunities that will contribute in reducing poverty.

02.02.01 My startup contributes to the Zero hunger goal

5

02.02.02 Zero hunger - Justification for my startup

I somewhat aggree with this goal in that creating jobs will help reduce poverty and hunger also.

02.03.01 My startup contributes to the Good health and well-being goal

5

02.03.02 Good health and well-being - Justification for my startup

02.04.01 My startup contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification for my startup

our staffs are automotive professionals who come from school. and will have continious training to enhance their knowldege

02.05.01 My startup contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification for my startup

our staffs 50% will be women and 50% men ensuring gender equality and equal contribution for the company sucess

02.06.01 My startup contributes to the Clean water and sanitation goal

1 - Strongly Disagree

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification for my startup

02.08.01 My startup contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification for my startup

Sparex contributes to decent work and economic growth by creating job opportunities for skilled mechanics and delivery personnel. Our platform supports local suppliers, boosting their sales and market reach. Additionally, we enhance automotive service accessibility, fostering overall economic development

02.09.01 My startup contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification for my startup

Sparex drives industry innovation by digitizing the automotive parts supply chain, enhancing efficiency, and ensuring reliable access to quality parts. Our platform integrates modern logistics solutions, improving infrastructure for automotive service delivery across regions.

02.10.01 My startup contributes to the Reduced inequalities goal

6

02.10.02 Reduced inequalities - Justification for my startup

sparex believes in equality

02.11.01 My startup contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification for my startup

Sparex drives industry innovation by digitizing the automotive parts supply chain, enhancing efficiency, and ensuring reliable access to quality parts. Our platform integrates modern logistics solutions, improving infrastructure for automotive service delivery across regions.

02.12.01 My startup contributes to the Responsible consumption and production goal

1 - Strongly Disagree

02.12.02 Responsible consumption and production - Justification for my startup

02.13.01 My startup contributes to the Climate action goal

2

02.13.02 Climate action - Justification for my startup

02.14.01 My startup contributes to the Life below water goal

2

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

2

02.15.02 Life on land - Justification for my startup

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

2

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification for my startup

06.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

2

06.02 The product/service represents an entirely new type of product/service.

7 - Strongly Agree

06.03 The product/service could be described as a new technology.

5

06.04 The product/service is an improvement on an existing product or service.

6

06.05 The product/service could be described as an extension of a range of products or services.

2

06.06 The product/service responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

06.07 The product/service is a new version of an old product/service.

7 - Strongly Agree

06.08 Justification for my startup

new technology service in Ethiopia due to its innovative approach in the auto parts industry. By leveraging a digital platform for sourcing, ordering, and delivering auto parts, Sparex introduces efficiency and convenience previously unavailable through traditional methods. This technology-driven service not only enhances accessibility to auto parts but also sets a new standard for customer service and operational efficiency in the local market, making it a pioneering solution in Ethiopia's automotive sector.

06.09 Competitive Analysis

Sparex operates in the automotive parts and service industry, competing primarily with traditional auto parts suppliers which are established auto parts suppliers that oofer wide range of parts but may lack convenience and digital accesiblity.some digital platforms also try to providde the service sparex is offering but lack in specialization since they also provide service for other niche market.

11.05 Are you initiating actions within your community to promote the role of female entrepreneurs?