The 1st car rental app in Egypt Joins FasterCapital to raise $3M

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Sep 13 2023
Entrepreneurship
The 1st car rental app in Egypt Joins FasterCapital to raise  $3M
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S-drive is a Car Rental Service dedicated to providing customers with the best
private trip experience. It is the first app to introduce this service in Egypt and the
first to use the electric car. The team aims to establish the first service center for
electrical Cars in Egypt.


The startup has joined the Acceleration program run by FasterCapital in order to
raise a capital of $3M. The startup is based in Egypt and was founded by Mohamed
Adel Farag.


The program helps startups get funded and close their funding rounds. The angel
investors’ network of FasterCapital includes 155K angel investors and over 50K VCs.


Mr. Hesham Zreik, CEO of FasterCapital, commented, "We are working with the
team at S-drive to help the startup in getting the funding it needs. Our team starts
first with preparing the startup to be presented to investors and then we start with
the matching."

 

http://fastercapital.com