Riyadh-based car rental & mobility solution, Telgani has closed a $2.5 Million (9.35 Million SAR) pre-series A round led by Impact46 with participation from Nomw Capital “private equity” and value-added investors. The platform offers a wide variety of mobility solutions, with the flexibility of renting cars on a daily/monthly/yearly basis. Although the mobility sector has been hit hard by Covid-19 in early 2020, Telgani has managed to tailor its offering by supporting the shift of individual needs. This has reflected the incredible growth of sales by more than 4X in 2020 compared to 2019.
Founded in 2018, Telgani provides access for individuals to a wide range of car rental agencies across the kingdom, handling the cycle of renting a car through a streamlined experience. Since the launch of the platform, Telgani has an agreements partnerships with more than 50 local and international car rental companies with +500 branches across the kingdom, covering more than 44 cities and 13 airports in Saudi, and partnering with leading car rentals companies such as Budget, Theeb, Hertz, Sixt, and Key Car Rental.
Telgani is in a constant state of scaling its offerings. Being the first in the region to offer car delivery services in 12 cities around the Kingdom. Along with the domestic tourism movement, Telgani introduced a drop-off between cities enabling clients to enjoy different destinations in Saudi while being able to drop off their rental car at their last destination. While Telgani is playing a key role within the industry, and with its recent expansion, the platform has +230,000 active users and more than 350,000 rental days on the platform since 2018.
“Telgani has been fueling the mobility industry with an accessible yet easy approach of renting cars in KSA. Along with governmental and institution support, Telgani is making their mark in the mobility sector with their initiatives. In the last year, Telgani has launched multiple projects including “Telgani Quick”, the first self-service device for rental cars allowing users to rent cars with 3 steps, furthermore Telgani is working on its upcoming exceptional projects.” Added Ali Alfehaid, Co-founder of Telgani.
Mohammed Alotaibi, CEO at MyCar commented on Telgani’s services “MyCar partnered with Telgani to help on automated and digitized solutions. Prior to Telgani offering, MyCar fleet was a total of 100 cars, with less than a year of automating the service with Telgani, MyCar now has more than 400 cars. Through Telgani, MyCar expanded its fleet and reached a new base of customers.”
“With the recent fund and as the platform seeks to keep pace with Saudi Arabia 2030 Vision. Telgani is on the go to enhance its technology, further develop digital solutions, and introduce new products accommodating the market needs and eyeing for expansion.” Commented Abdulkader Almikanzy, Founder of Telgani, on the investment.
“Telgani team agility has demonstrated strong performance over the last years. We’re delighted to further support an innovative and forward-facing platform. Ensuring an unrivaled customer experience, car rentals & travelers can now avail of the local most extensive application for car rental solution.”Added Abdulrahman Al-Modaimeegh Managing partner in Impact46.
Recently, Telgani has announced its partnership with “Al-Tanfeethi” the company behind the management operation of all executive terminals and offices at airports in the Kingdom of Saudi Arabia. The partnership aims to provide Telgani car rental digital solutions and enhance the customer experience for Al-Tanfeethi guests.
