ekar
Pay-as-you-drive hourly and daily car rental service.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| N/A | $16.5m | Series C | |
| Total Funding | 000k | ||
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Ekar is a self-drive mobility platform operating in the Middle East, launched in 2016. The company provides car-sharing and subscription leasing services through its mobile application.
Its business model is centered on a pay-as-you-drive system, allowing users to rent vehicles for short periods, from per-minute to daily and weekly options. This model provides a flexible and cost-effective alternative to traditional car ownership and rental services. In addition to on-demand rentals, ekar offers a car subscription service, providing users with longer-term access to vehicles without the commitments of ownership.
The platform serves a broad consumer base seeking convenient and on-demand transportation solutions in urban environments. By leveraging its app-based system, the company streamlines the process of finding, booking, and unlocking vehicles, making mobility more accessible. The company generates revenue through rental fees, which vary based on the duration of use, and from its monthly subscription plans.
Keywords: car-sharing, mobility, subscription, pay-as-you-drive, Middle East, self-drive, app-based, vehicle rental, transportation, on-demand