6 years ago

Urent Secures Seed Funding from Dubai Royal

  • Urent, a Dubai-based online platform that aims to revolutionize the UAE car rental industry, has secured seed funding from Sheikh Saeed bin Ahmed Al Maktoum

  • The platform, dubbed an Airbnb for cars, offers the first peer-to-peer vehicle sharing platform in the region, creating a community that focuses on building trust between private vehicle owners and renters

  • Urent will provide UAE residents and citizens with the right to rent vehicles of up to six categories

  • The company has partnered with Seed Group, an association of diversified companies owned by The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to launch the platform and make it the first of its kind to be licensed by the Roads and Transport Authority (RTA).

      • ProblemTransportation

      "Traditional car rental companies are expensive and inconvenient. People who own cars often have them sitting idle, which is a waste of resources."

      Solution

      "Urent is a peer-to-peer car sharing platform that allows people to rent cars directly from other individuals. This makes car rental more affordable and convenient for renters, and allows car owners to earn money by sharing their vehicles."

      Covered on