Founded by Abdelrahman Elgamal, Friendycar is the first marketplace for borrowing and lending cars in the Middle East, and is focused on facilitating the process of car sharing, decreasing the population of cars and providing anyone who doesn’t own a car with a convenient affordable solution. Friendycar aims to switch the car owner status from someone who pays maintenance, insurance, and parking fees to someone who gets to share their car, make more money, and support their community and the environment, all while their car is completely covered by Friendycar’s insurance partner. Friendycar aim to shift the car ownership model from its current status to a ‘timeaccess’ model, allowing people to access any car anytime and anywhere in the world. Through the Friendycar website, car owners can list their car for borrowing by filling in their car’s details and setting a daily price as well as any weekly or monthly discounts. After listing the car, the car owner can then control who gets to borrow the car, and check borrowers’ profiles, reviews and ratings before accepting or denying a request. Moreover, all car borrowers are screened and must get their accounts verified before they can request to borrow a car. One of the main advantages of Friendycar over car rental services is the fee, which is 30-40% cheaper. Earlier this year, Friendycar came in second place at the Arabnet Startup Battle in Dubai and also claimed the first place prize at the Dubai Smartpreneur Competition in May. Although the startup is currently based in Dubai and targeting the Middle East region, it plans to expand to Eastern Europe and Southeast Asia as a next step. Although Friendycar has no direct competitors in the region, international players with similar models do exist.
Country: UAE Launched: 2016 Category: Automotive