Q1 2026$612M raised55 deals0 new startups84 open roles

UdriveThe UAE's first pay-per-minute self-drive car rental

On-demand car rental offering pay-per-minute and daily rates via smartphone. Fleet of 1,000+ vehicles across Dubai, Abu Dhabi, and Sharjah with Saudi Arabia expansion.

FROM THE EDITOR'S DESK

Udrive's pay-per-minute model occupies a specific niche between ride-hailing and daily rental — serving users who want driving autonomy without ownership commitment. With 1,000+ vehicles across three emirates, the fleet is large enough to deliver reasonable availability, the minimum threshold for car-sharing to be useful.

At $17.3M, Udrive faces the same fleet economics as ekar: high insurance, vehicle depreciation, and the need for consistently high utilization. The competitive moat is thin — it comes down to fleet density, app experience, and pricing. The long-term question is whether pay-per-minute remains a standalone category or gets absorbed into broader mobility platforms.

TEAM

Hasib KhanCo-Founder & CEO
Nicholas WatsonCo-Founder

SNAPSHOT

Founded2016
Total Raised$17.3M
CategoryAutomotive
StatusActive
Team Size51-100
LocationDubai, UAE

FUNDING HISTORY

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