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dryve

Operating

dryve is revolutionizing mobility in the Middle East!

Updated Source: SLA Startup IndexHow we verify →
Total raised
$1.3M
disclosed
Last round
$62K
Funding Round
Rounds
3
since 2017
Investors
1
on record
Employees
11-50

About dryve

dryve is a peer-to-peer car sharing company - a disruptive and exciting phenomenon that is doing for cars what Airbnb did for your home or spare room. Already huge in the US and growing fast in Europe, we are now bringing this to the Middle East with our first launch in Egypt! dryve is a safe, easy to use and ultimately reliable way for users to share their cars with one another. Through our straightforward and reliable app we allow ‘car owners’ to earn extra income from their idle cars, while enabling ‘dryvers’ access to countless vehicles at the palm of their hand, at rates below those of traditional car rental companies. As for all successful start-ups, a strong ecosystem is essential, dryve has done this by developing robust strategic partnerships with AXA and UBER. Through our special partnership with AXA, dryve has introduced the first of its kind 'Pay As You Drive'​ (PAYD) insurance policy in the Middle East and the first ever digital claims process in Egypt! dryve has launched in Egypt in strategic partnership with Uber. This valuable and ever-growing mutually beneficial relationship allows dryve to tap into Uber's massive pool of demand, while in return filing the supply gap for Uber with an increased fleet of vehicles. dryve has had a successful launch in Egypt in 2018 and will be expanding throughout North Africa during 2020.

dryve funding3 rounds

All 3 rounds →

dryve has raised $1.3M across 3 disclosed rounds. The latest is a $62K Funding Round announced 03 Mar 2020.

Capital growthrunning total of disclosed rounds
  1. $700KPre-seedPre-seed, $700K, $700K raised to date
  2. $550KFunding RoundFunding Round, $550K, $1.3M raised to date
  3. $62KFunding RoundFunding Round, $62K, $1.3M raised to date

SLA Funding Index · grey is capital raised before each round

Who has invested in dryve

AnnouncedRoundLead · investorsAmount
03 Mar 2020dryve Funding RoundNot disclosed$62K
20 Nov 2019dryve Funding RoundNot disclosed$550K
13 Feb 2018dryve Pre-seedAl Serkal Group$700K

dryve founders & team

dryve competitorssame sector · similar funding

  • HURRY

    HURRY is an Egyptian MaaS startup which provides free floating car sharing through a fleet of gas and electric cars. · Egypt

  • Zuru Car Rental

    Zuru Car Rental is a Kenyan startup connecting car owners with travelers seeking to hire those cars · Kenya

  • Locomute

    Locomute is offers consumers a more tech-savvy and flexible approach to car rentals and transportation. · South Africa

  • GoMyWay

    GoMyWay is a ride sharing service that connects private car owners with empty seats to passengers going the same way across Nigeria. · Nigeria

Car Sharing startups across Africa

Frequently asked about dryve

Where is dryve based and when was it founded?
dryve is headquartered in Cairo, Egypt and was founded in 2017.
Who founded dryve?
dryve was founded by Gamal (Jimmy) Aboul Enein (CEO & Co-founder).
Who is the CEO of dryve?
Gamal (Jimmy) Aboul Enein is dryve's CEO & Co-founder.
How much funding has dryve raised?
dryve has raised $1.3M across 3 disclosed rounds. Its latest, a $62K Funding Round, was announced on Mar 03, 2020.
Who has invested in dryve?
Backers include Al Serkal Group.
What sector is dryve in?
dryve operates in Car Sharing, Transportation and Mobility.