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PODCAST: The Founder Of U Drive Discusses Surviving A Pandemic And How They Raised $5Million For Further Expansion

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PODCAST: The Founder Of U Drive Discusses Surviving A Pandemic And How They Raised $5Million For Further Expansion

Founded in 2016, Dubai based start-up Udrive was the first to leverage mobility by introducing the rent-by-the-minute concept to the region. Over the last four years, the company has legitimized its service to over a quarter of a million UAE citizens, residents and visitors to complete over 1.4 million trips, delivering estimated savings of approximately 25%, compared to traditional mobility alternatives.

Most recently, Udrive announced that it has closed a US$5M funding round led by prominent regional business leaders and three venture capitalists. With the intention to utilise the funding to further enhance the data analytics capabilities of its platform, with a focus on elevating customer experiences.

 

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The company went on to raise US $5 million for expansion

Watch the interview to hear all about it!

Watch the Dubai Works episode here:

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