RIYADH: Dubai-based technology-enabled bus aggregator has raised an undisclosed amount in its seed round led by We Founder Circle, Wamda reported.
The financing will be used to build, maintain and scale technology infrastructure that facilitates a multi-sided marketplace to fuel expansion in the region.
“The next 18 months are going to be very exciting and crucial for us to move quickly, ramp up our operations and scale our footprint in the region,” Arcab CEO Bilal Shabandri said.
The startup’s tech-enablement allows fleet owners to increase utilization of their vehicles by reducing downtime and avoiding manual control, hence increasing profits.
Arcab works with over 40 operators including Europcar, Avis and Dubai Taxi corporation, and more than 3,000 buses.
