A mobility startup based out of Saudi Arabia, Telgani, has acquired $6 million in Series A funding led by Hala Auto and Elm Company.
The funds will be used to expand short-term car rental services across Saudi Arabia. It also plans to expand the tech solutions offered for flexible car subscriptions.
According to Majed Bin Saad Al-Arifi, Elm Company’s deputy CEO, the company expects the next development phases to improve its services and solutions and “reinform the role of mobility and the car rental services sector”.
The investment is in line with Elm’s strategy to expand its investment portfolio and support Saudi Arabian Startups and SMEs.
Telgani, founded in 2019, offers customers transportation solutions and car rental options via its app and website. It has multiple new services, including car delivery services at the airport and a quick car delivery service.
According to the CEO of Hala Auto, a major Toyota distributor in KSA, the Telgani team can develop the market and offer solutions so that clients can have the best experiences possible.