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Naran
United Arab Emirates · Fintech · Mobility
Naran finances cars and motorcycles on rent-to-own terms for ride-hailing and delivery drivers.
A route to vehicle ownership
The company purchases vehicles from manufacturers and provides them to drivers through repayment contracts. Its service combines access to the vehicle with operational support, addressing drivers whose irregular income or limited credit history restricts bank borrowing.
One system across fleets
Naran manages onboarding, payment schedules, utilisation, telematics and maintenance through its own software. It operates in Latin America and Africa and is developing software and financing services for other fleet operators.
- Headquarters
- Abu Dhabi, United Arab Emirates
- Model
- Rent-to-own vehicle financing
Funding history
1 round · 1 with disclosed amounts| Announced | Round | Amount | Investors |
|---|---|---|---|
| Equity and debt financing | $10M | Landel — Participant |