UAE-based startup signs Budget Saudi for operations in the Kingdom
Invygo, the MENA region’s first app-based car subscription, has signed its first car hire partner in Saudi Arabia, cementing the beginning of their expansion in the Kingdom later in March 2020.
Through its new partnership with Budget Rent a Car Saudi Arabia, Invygo will begin offering multiple brands of quality cars which are latest models for monthly subscription to the residents of Saudi Arabia.
Customers in Saudi will soon be able to subscribe to vehicles through the Invygo app with an all-inclusive monthly payment, with no deposits, long-term commitment or hidden fees involved.
After raising one million US$ funding in its seed round just a few months ago, Invygo has already begun expansion to Saudi Arabia.
“This is our first ever partnership outside of the UAE which will help us bring a superior driving experience to Riyadh and eventually many more cities in Saudi Arabia,” commented Eslam Hussein, Co-founder and CEO, Invygo.
“Offering latest model cars, friendly service and exciting customer experience on the first car subscription app in the Middle East will allow us to attract new, more tech savvy customer segments that prefer the flexibility that subscription offers,” remarked Fawaz Danish, President and Group CEO, Budget Saudi.
“We are eager to start offering an affordable, stress and commitment free substitute to owning a car in Saudi Arabia,” said Ali Albanna, General Manager, Invygo, KSA.
Invygo was founded by Eslam Hussein and Pulkit Ganjoo whom are both IE Business School Alumni and have extensive experience in the automotive industry, finance and machine learning.
Budget Saudi, founded in 1978, is the largest car rental-leasing company in Saudi Arabia, with a fleet of over 29,000 vehicles.
