Udrive
Offers car rental through mobile access anywhere around the city.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 Valuation: €0.0 | round | |
| N/A | €0.0 Valuation: €0.0 | round | |
* | $5.0m Valuation: $25.0m | Late VC | |
| Total Funding | 000k | ||
| USD | 2021 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
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.