8 years ago

Ekar Secures Funding from Audacia Capital to Expand Car-Sharing Services

  • Ekar, a UAE-based car rental startup, has secured an undisclosed amount of funding from Dubai-based investment firm Audacia Capital

  • The investment secures a 25% ownership stake in Ekar and will be used to expand its current operations, including partnerships with RTA, Emirates Airlines, and Etihad Airways

  • Ekar aims to provide UAE residents with the freedom of getting around in a car without ownership hassles and promotes sustainability by offering an alternative to public transport

  • The company's fleet of cars are available for booking from convenient public locations such as metro stations and other central spots, discoverable via the Ekar app

  • Users can book the service by 15-minute, one-hour, daily, weekly, or monthly rentals, both for instant use and for "Later" options.

      • ProblemTransportation

      "Car ownership is expensive and a hassle, especially in urban environments. Many people want the freedom of having a car when needed without the burden of ownership."

      Solution

      "Ekar offers a convenient and flexible car rental service where users can rent cars on an hourly or daily basis. Cars are strategically located in accessible public areas, and the entire process from booking to unlocking the car is managed through their app."

      Covered on