PHOTO
RIYADH: Dubai-based technology-enabled bus aggregator has raised an undisclosed amount in its seed round led by We Founder Circle, Wamda reported.
The financing will be used to build, maintain and scale technology infrastructure that facilitates a multi-sided marketplace to fuel expansion in the region.
“The next 18 months are going to be very exciting and crucial for us to move quickly, ramp up our operations and scale our footprint in the region,” Arcab CEO Bilal Shabandri said.
The startup’s tech-enablement allows fleet owners to increase utilization of their vehicles by reducing downtime and avoiding manual control, hence increasing profits.
Arcab works with over 40 operators including Europcar, Avis and Dubai Taxi corporation, and more than 3,000 buses.
Copyright: Arab News © 2021 All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
