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