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Ejaro

ejaro.com

Founded Year

2019

Stage

Incubator/Accelerator | Alive

Total Raised

$850K

About Ejaro

Ejaro is a peer-to-peer vehicle sharing platform that helps users rent vehicles from local owners.

Headquarters Location

Abdulrahman Ar Raffa St

Jeddah,

Saudi Arabia

+966 9200 07345

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Expert Collections containing Ejaro

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Ejaro is included in 2 Expert Collections, including Mobility-as-a-Service.

M

Mobility-as-a-Service

560 items

Companies developing solutions to streamline the way people move themselves. Includes companies providing on-demand access to passenger vehicles and micromobility solutions as well as companies integrating multiple modes of transport, including public transit, into one service.

A

Auto Commerce

540 items

Companies involved in the rental, selling, trading, or purchasing of cars, RVs, trucks, and fleets, including auto financing companies, vehicle auction services, online classified advertising companies with a focus on auto, and dealership software platforms.

Latest Ejaro News

Ejaro raises $850K in Seed funding

Jan 11, 2021

KSA-based Ejaro, the peer-to-peer vehicle sharing platform, has announced the closing of an $850K (3.2M Saudi riyal) Seed funding round, led by Saudi Arabia-based angel investors and supported by BIM Ventures – a venture studio in the country. Founded in 2019, Ejaro enables car owners to make money from their depreciating assets while providing those in need of a car with affordable access to one. The platform was first launched as a co-sponsor of the Riyadh Season- an entertainment and tourism event in Saudi Arabia. This opportunity was used to test the platform with early adopters to validate the model and gather feedback directly from the end-users. Mohammed Khashoggi, Founder, and CEO commented, “We are very thrilled about this milestone for Ejaro, which comes in time with the launch of our new and improved application and the finalizing of the new license requirements for peer-to-peer vehicle sharing from the Saudi Transport General Authority. “We predict large potential growth in the post-COVID economy, capitalizing on the regional car rental market size of over $4B. With millions out of jobs and rental companies struggling, our platform empowers owners to earn an additional source of income through their depreciating assets and share it with the masses, I truly believe that Ejaro will boom in the coming weeks.” The funds will be used to accelerate the development of additional features on the platform, to increase the hosted cars and renters’ bases, and to expand the team’s capacity.

Ejaro Web Traffic

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Ejaro Rank

Ejaro Frequently Asked Questions (FAQ)

  • When was Ejaro founded?

    Ejaro was founded in 2019.

  • Where is Ejaro's headquarters?

    Ejaro's headquarters is located at Abdulrahman Ar Raffa St, Jeddah.

  • What is Ejaro's latest funding round?

    Ejaro's latest funding round is Incubator/Accelerator.

  • How much did Ejaro raise?

    Ejaro raised a total of $850K.

  • Who are the investors of Ejaro?

    Investors of Ejaro include Google for Startups Accelerator and BIM Ventures.

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