The startup will use the new funding to expand its car rental services in Saudi Arabia, and offer more transportation solutions.
Telgani, a Saudi-based mobility startup, has raised $6 million in a Series A round co-led by Hala Auto and Elm Company.
Founded in 2019 by Abdulkader Almkinzy and Ali Alfehaid, Telgani provides car rental services and transportation solutions on its app and website. It allows users to select a car from several car rental companies, and delivers it to their doorstep within hours.
“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,” Majed Bin Saad Al-Arifi, a spokesman from Elm Company, tells StartupScene. “This step comes in line with Elm’s ambitious strategy to expand its investment base and provide all necessary support to startups and SMEs thereby enhancing its role in the entrepreneurship ecosystem and driving innovation in Saudi Arabia.”
The startup will use the new funding to expand its short term car rental services in Saudi Arabia, and offer more transportation solutions such as flexible car subscription services.