eZhire, the world’s first absolutely on-demand automobile rental platform, is celebrating a exceptional milestone, reporting an excellent 102% Compound Annual Progress Fee (CAGR) since its inception in 2016. This great progress underscores the rising demand for eZhire’s modern, customer-centric method to automobile leases throughout the Center East.
Based to disrupt the traditional automobile rental course of, eZhire has reworked the standard automobile rental trade by eliminating the necessity for safety deposits, paperwork, and bodily storefronts. The corporate’s absolutely digital, app-based service affords a seamless rental expertise, permitting prospects to order automobiles 24/7, with supply on to their doorstep. This disruptive method has positioned eZhire as a frontrunner in revolutionizing mobility throughout the area
Working throughout the UAE, Qatar, Bahrain, and Saudi Arabia, eZhire is dedicated to offering unparalleled comfort, flexibility, and transparency. As of October 2024, eZhire has change into the largest B2C retail rental automobile service firm for residents within the UAE, receiving roughly 350 orders per day on weekdays and 400 throughout weekends. With over 650,000 app customers, 300,000 automobiles delivered, and over 4 million whole rental days, the corporate continues to cater to a various vary of consumers, together with younger drivers, vacationers, and people new to driving. eZhire’s dedication to innovation and hassle-free service is driving its success and broadening its attain to underserved segments of the inhabitants.
“Our steady progress at over 100% yearly demonstrates the success of eZhire’s customer-centric, technology-driven method,” mentioned Hassan J. Saduzai, CEO and Co-founder of eZhire. ” This achievement is a testomony to the dedication of our group, the belief of our prospects, and our means to innovate in an trade that has historically been gradual to evolve. We’ve labored laborious to eradicate the frequent ache factors of automobile leases, reminiscent of deposits and prolonged paperwork, to create a seamless, digital-first expertise that places the client on the coronary heart of every part we do. As we proceed to broaden throughout the Center East, we stay dedicated to creating automobile leases extra accessible, handy, and versatile for everybody.”
Along with its fast progress, eZhire has considerably expanded its Complete Addressable Market (TAM) by tapping into new consumer segments and creating new demand. The corporate’s tech-enabled operational effectivity, acceptance of debit playing cards with out deposits, and absolutely digital course of have made automobile leases extra accessible than ever earlier than.
Key Milestones
Since its launch, eZhire has achieved vital milestones:
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2017: Seed funding and growth to Sharjah and Abu Dhabi
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2020: Navigating via the COVID-19 pandemic with continued progress
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2021: Growth into Qatar and Bahrain
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2022: Launch of the primary Dispatch Heart
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2023: Launch of Saudi Arabia operations and introduction of a subscription mannequin
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2024: Grew to become the largest B2C automobile rental service for residents within the UAE
Trying forward, eZhire goals to additional solidify its place as a key participant within the area’s mobility house, with plans to proceed its upward trajectory of progress throughout the Center East.
For extra data on eZhire and its providers, please go to www.eZhire.ae or obtain the app accessible on iOS and Android.