About Udrive
Udrive is a company based in Dubai (United Arab Emirates) founded in 2016. Udrive has raised $17.3 million across 6 funding rounds from investors including OHI Group, Dubai Cultiv8 and Sheikh Saeed bin Ahmed Al Maktoum. Udrive offers products and services including Udrive App. Udrive operates in a competitive market with competitors including TIER, Finalrentals, Indigo Rent A Car, Autorent and Carre Mobility, among others.
- Headquarter Dubai, United Arab Emirates
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Sectors
Travel & HospitalityTransportation, Automotive & Logistics
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name U Drive Rent A Car L.L.C
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$17.3 M (USD)
in 6 rounds
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Latest Funding Round
$5 M (USD), Series B
Feb 21, 2022
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Investors
OHI Group
& 2 more
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Employee Count
Not available
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Products & Services of Udrive
Udrive offers a comprehensive portfolio of products and services, including Udrive App.
Mobile app for renting cars by the minute with free perks.
Funding Insights of Udrive
Udrive has successfully raised a total of $17.3M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $5 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Udrive
Udrive has secured backing from 3 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include OHI Group, Dubai Cultiv8 and Sheikh Saeed bin Ahmed Al Maktoum.
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Dubai Cultiv8 is engaged in Shariah-compliant asset management.
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A leading private conglomerate in Oman, operating across multiple sectors.
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Sheikh Saeed bin Ahmed Al Maktoum |
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Investor details for Udrive
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Investments & Acquisitions by Udrive
Investment portfolio details for Udrive
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Financial Statements - Udrive
Detailed financials for Udrive
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Udrive Comparisons
Peer comparison for Udrive
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Competitors of Udrive
Udrive operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TIER, Finalrentals, Indigo Rent A Car, Autorent and Carre Mobility, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Electric kick-scooters are rented through a mobile app platform.
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Meta-search platform for car rentals
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Provides an app-based platform for convenient car rental services.
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Operates an online platform for station-based car rentals.
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Multi-category self-driven vehicle rentals and car-pooling are provided online.
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Detailed competitors of Udrive
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Latest news on Udrive
Complete news archive for Udrive
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Frequently Asked Questions about Udrive
Udrive was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Udrive is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Udrive is a funded company, having raised a total of $17.3M across 6 funding rounds to date.
Founded in 2016 in Dubai, United Arab Emirates, Udrive operates as an app-based platform in the car rental sector. Vehicles are located, booked, and unlocked by users through the app using an OTP. Rides are completed by driving to destinations, with vehicles left in legal parking spots. The mobile application is provided for both Android and iOS devices, supporting self-drive services across the region.
Udrive's top competitors include TIER, Finalrentals and Carre Mobility.
Udrive offers Udrive App.
Udrive has 3 investors. Key investors include OHI Group, Dubai Cultiv8, and Sheikh Saeed bin Ahmed Al Maktoum.