Australian Financial Review
Online car parts retailer Automotive Superstore raises A$10 million to fund expansion, but backers say IPO needs even more
Executive Summary
Summary: Automotive Superstore, an Australian e-commerce car parts retailer backed by growth equity funds, is raising $10 million with investment bank Canaccord Genuity. The funds will support warehouse upgrades, technology modernisation, and new hires. Revenue grew from $9.4 million in 2021 to $37 million in 2025, with forecasts of $48.2 million for the current financial year. The company competes with Super Retail Group’s Supercheap Auto and Bapcor’s Autobarn, offering over 560,000 products.
Read the original at Australian Financial Review
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