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.
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.
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.
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’
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.