Financials

Estimates*

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Revenues, earnings & profits over time
USD20212023
Revenues2.6m12.0m
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DateInvestorsAmountRound
-

N/A

-
N/A

N/A

Seed
N/A

$1.0m

Series A
N/A

$5.0m

Series B

$1.3m

Valuation: $25.0m

Late VC
N/A

$5.0m

Valuation: $25.0m

Late VC
*

$5.0m

Valuation: $25.0m

Late VC
Total FundingCAD23.6m

Recent News about Udrive

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More about Udriveinfo icon
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Udrive is a self-service car rental platform operating in the United Arab Emirates, specifically in cities like Dubai, Abu Dhabi, Sharjah, and Ajman. The company provides a convenient and flexible car rental service where users can rent vehicles on a pay-per-minute basis. This model caters to both residents and tourists who need short-term transportation solutions without the long-term commitment of traditional car rentals.

Udrive's business model revolves around a mobile app that allows users to locate, reserve, and unlock cars directly from their smartphones. The service includes fuel, insurance, and parking, making it an all-inclusive option for urban mobility. The company generates revenue through its per-minute rental fees, as well as additional charges for penalties, fees, and fines related to misuse or damage of the vehicles.

The target market includes tech-savvy individuals, tourists, and residents who require flexible and affordable transportation options. Udrive's competitive edge lies in its user-friendly app, transparent pricing, and the convenience of not having to worry about fuel or parking costs.

Keywords: self-service, car rental, pay-per-minute, UAE, mobile app, urban mobility, flexible transportation, all-inclusive, tech-savvy, short-term rental.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.