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Dubai based startup ‘Urent’ has become a top solution for people looking to rent multi-category vehicles
Dubai Announcer > News > Opinion > Dubai based startup ‘Urent’ has become a top solution for people looking to rent multi-category vehicles
Opinion

Dubai based startup ‘Urent’ has become a top solution for people looking to rent multi-category vehicles

Urent's culture of continuous improvement promises to spearhead a digital transformation that will soon incorporate the entire automotive industry in the MENA region.

Ammar Alblooshi
Ammar Alblooshi May 23, 2022
Updated 2022/05/23 at 10:57 AM
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6 Min Read
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Highlights
  • Urent celebrates the 1st year of operations with expansion in motion for the year 2022.
  • Over the past year, the P2P vehicle-rentals app has acquired across 55,000 registered users across all seven emirates in the UAE, and still growing.
  • Urent has partnered with Huawei CLOUD Middle East to become their digital transformation partner.
  • Excelled in the Misk Accelerator Program based in Saudi Arabia as a Top 20 finalist.

Urent has revolutionised the United Arab Emirates’ vehicle rentals industry by offering the first-ever P2P vehicle-sharing platform in the region. Moreover, they have created a whole community that focuses on building trust between two people, one being the private vehicle owner, the other being the renter.

Contents
55,000 registrations, and still growingPartnership with Huawei CLOUD Middle EastUrent to land in the top 20 Finalist list in the Misk Accelerator Program, Saudi Arabia

Being the first to create a Peer-to-Peer experience to end-users, Urent provides a vehicle rental platform were vehicle owners and renters interact directly & transparently. With more than 3,000 vehicles, and up to 5 categories to choose from, Urent aims to become the first to offer all forms of transport in one marketplace, under one umbrella.

The first Multi-Category P2P online marketplace for vehicle rentals in the MENA region, is celebrating a year of providing innovative solutions that have made renting a vehicle – simple, affordable, and on-demand.

View this post on Instagram

A post shared by Urent (@urent)

55,000 registrations, and still growing

In just a year, Urent has registered across 55,000 users on its vehicle rental app across all of the seven emirates in the UAE. Though it was the first of its kind, where Urent gained the trust of vehicle owners and end-users by making listing and renting hassle-free, ensuring the authenticity of listings, allowing renters to review users, and providing excellent customer support that is always ready to receive feedback and assist both owners and renters in any way possible.

View this post on Instagram

A post shared by Urent (@urent)

Partnership with Huawei CLOUD Middle East

On the back of this impressive growth, Urent has partnered with Huawei CLOUD Middle East to be their digital transformation partner, a key step toward expanding into new locations in the Middle East.

Urent to land in the top 20 Finalist list in the Misk Accelerator Program, Saudi Arabia


Within the past year, Urent has established strong presence in Saudi Arabia, participating as a Top 20 Finalist in the Misk Accelerator Program organised by The MISK Foundation, a non-profit created by Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, and Minister of Defence of Saudi Arabia, to promote entrepreneurship. Through the accelerator program, Urent was able to present its “Airbnb of vehicles” solution to more than 600 people that included venture capitalists and other important personalities in the Saudi business climate.


Consequently, after achieving 3X of its projected KPI’s in the first year, Urent is now on course to enter two to three new markets in the MENA region in 2022.

2021 gave us a clear picture of where we stand in the market, what’s working, and what’s not. However, for Urent, 2022 Is going to be all about improvement, growth, and expansion. Hence, our team remains committed to improving the overall services, introducing new services, and enhancing our technology to make Urent the most valuable online marketplace for vehicle renting in the MENA region”

Omar Al Ashi, CEO & Founder ‘Urent’
View this post on Instagram

A post shared by Urent (@urent)

In its first year, Urent has established itself as a truly innovative and forward-looking company. It offers private and commercial vehicles listed directly by the owners, enabled five categories of vehicles – including cars, yacht, scooters, and chauffeur services – and provided an option to pre-book vehicles for future trips.


Urent has also partnered with CAFU, a fuel on-demand delivery service in the UAE, to offer on-demand vehicle refuelling, washing, and maintenance services to its end users.

The month-over-month growth seen in 2021 was phenomenal, and with the imminent expansion plans we have, this year is going to be very exciting. We are proud of our achievements accomplished during last year, and now we are ready to work harder to even provide better (and world-class) value for vehicle owners and renters in the upcoming years.

Added Greg Holt, CFO of Urent

Since we live in an era where consumers expect to be able to do a lot of things smoothly, easily, and conveniently on their smartphones, every industry is recognizing the need for digital transformation and innovation. The United Arab Emirates has made this kind of digital progress a priority in the fields of education, health, telecommunications, and cybersecurity, among others, as the 2020 Digital Transformation Report showed.


Urent has brought upon this digital transformation to the vehicle rental industry through its innovative approach.

View this post on Instagram

A post shared by Urent (@urent)


Website: www.urent.com

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Ammar Alblooshi May 23, 2022
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