Telgani, a Riyadh-based car rental platform, has secured $2.5 million in a pre-series A funding round to enhance its technology and expand its services, positioning itself as a leader in the evolving Saudi mobility market.

Target Information

Telgani, based in Riyadh, is a prominent car rental and mobility solution platform that has successfully secured a pre-series A funding round of $2.5 million (9.35 million SAR), led by Impact46 with participation from Nomw Capital and other value-added investors. Established in 2018, Telgani has become a vital player in the mobility space, providing customers access to a comprehensive range of car rental services. The platform efficiently connects individuals with numerous car rental agencies across Saudi Arabia, boasting partnerships with over 50 local and international companies and covering more than 44 cities and 13 airports. Since its inception, Telgani has revolutionized the car rental experience, offering flexible rental options on a daily, monthly, or yearly basis and serving more than 230,000 active users.

Despite facing challenges due to the COVID-19 pandemic in early 2020, Telgani has demonstrated resilience, achieving remarkable sales growth of over four times compared to the previous year. Its innovative approach has included pioneering car delivery services in 12 cities and introducing drop-off services between cities, enhancing the overall customer experience. Telgani’s initiatives reflect its commitment to adapting to changing individual needs, supporting domestic tourism, and fostering relationships within the mobility sector.

Industry Overview in Saudi Arabia

The mobility and transport industry in Saudi Arabia has been undergoing significant transformation, particularly in light of the government’s Vision 2030 initiative aimed at diversifying the economy and enhancing infrastructure. The recent trends