Ejaro

Ejaro, founded in 2019 by Mohammed Khashoggi, is a peer-to-peer car rental company that operates through a mobile application. The company is headquartered in Jeddah, Saudi Arabia, and is the first to be licensed for this type of service in the country.

The platform allows car owners to list their vehicles for rent, providing them with an opportunity to generate income from their assets. On the other side, individuals in need of a temporary vehicle can browse and book from a wide selection of cars. The service is aimed at both locals and tourists, offering a more flexible and potentially cheaper alternative to traditional car rental agencies.

The business model is based on taking a commission from each rental transaction facilitated through the app. This model is common in the sharing economy and allows the company to scale its operations without owning a large fleet of vehicles. The market it operates in is the growing mobility and car-sharing sector within the Gulf Cooperation Council (GCC) region.

Ejaro's mobile application is the core of its service. It handles the entire rental process, from booking and payment to vehicle pickup and return. The platform includes features such as user verification, reviews, and ratings to build trust and safety within its community of users. The company also provides insurance coverage for the vehicles during the rental period, which is a critical component for both owners and renters.

Keywords: car sharing, peer-to-peer, mobility, rental service, sharing economy, automotive, mobile application, GCC, Saudi Arabia, transportation