Telgani, a transportation solutions and car rental startup, raised $6 million in a Series A funding round co-led by Hala Auto and Elm Company.
Telgani plans to use the funding to expand its short-term car rental services in Saudi Arabia, as well as to offer more tech solutions for flexible car subscriptions.
“We are pleased with the great success witnessed by the Series A funding round for the Telgani platform and we confidently look forward to the next stages of its development to enhance its services and innovative solutions and to reinforce its pivotal role in mobility and car rental sector. This step comes in line with Elm’s ambitious strategy to expand its investor base and provide all necessary support to startups and SMEs thereby enhancing its role in the entrepreneurship ecosystem and driving innovation in Saudi Arabia,” Majed Bin Saad Al-Arifi, official spokesperson and Deputy CEO of the marketing sector at Elm Company, said.
The startup was founded in 2019 by Abdulkader Almkinzy and Ali Alfehaid, Telgani provides a diverse range of transportation solutions and car rental options through its website and app. It also has a fast car delivery service and launched many new services last year, including car delivery services at the airport.
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