ekar, a personal mobility company, has diversified and grown, adds 1000 new vehicles to its fleet.
Increased demand
ekar has added 1,000 new 2021 vehicles to its fleet. Options now include economical, compact sedans, sports cars, mini SUVs, and family-sized vehicles with rates starting as low as 0.70 AED per minute. ekar now offers 77 car models across 7 cities in the UAE and Saudi Arabia.
The move comes in direct response to increased demand for personal mobility in the face of a global car shortage and consistent surge pricing from chauffeur-driven mobility options.
“Car rental companies are in awe of what’s going on at ekar. We are delivering unprecedented returns for the car rental industry via our revenue share programs, while providing data insights and analytics that the car rental industry has never since experienced. In turn, ekar is becoming increasingly data-rich. The more cars we add, the easier for users to book a vehicle, the more efficient our service becomes, which leads to decision automation. This flywheel effect is a testament to a solid product market fit and a compliment to an in-house team of superstars that keep me awe-inspired,” comments Vilhelm Hedberg, Founder, ekar.
Dynamic pricing and optimization
ekar has also announced dynamic pricing and predictive AI-driven fleet optimization and rebalancing. Booking percentages over 30% and carsharing vehicles are positioned in optimal areas in the cities in which ekar operates, ensuring a car is within walking distance.
ekar is the only company in the Middle East able to offer users access to the entire self-drive vertical for cars from pay-per-minute to monthly rentals. ekar’s ‘Self-drive Super App’ gives customers access to a wide range of pricing and carshare options and will be launching Peer to Peer rentals in the coming weeks. ekar operates in UAE, KSA, and will be launching Thailand and Malaysia in December 2021 with Egypt and Turkey launches scheduled for early 2022.
