Swapp, UAE-based online car rental platform has announced an expansion of its strategic partnership with the Careem Everything App, with Careem acquiring a minority stake in the company.
The move marks a significant step in strengthening collaboration between the two tech-driven mobility platforms, aiming to enhance convenience and accessibility in the region’s growing car rental market.
Careem integrated Swapp into its app as Careem Car Rental in 2022, expanding mobility options in the UAE to include car rental and subscription services. The addition of Swapp further expanded the range of digital mobility, delivery, and fintech services available through the Careem Everything App.
This new minority stake will enable Careem and Swapp to deliver even more innovative solutions to simplify car rental services across the region. From instant KYC for seamless onboarding within minutes, to one-hour car delivery enabled by smarter fleet dispatching, and real-time vehicle tracking through driver app integration, giving users live visibility as their car arrives.
Customers will also be able to swap their car rental on demand based on changing needs and even opt for a lease-to-own pathway, offering a flexible route to vehicle ownership, all from within the Swapp platform.
Uzair Moosa CEO- Swapp
“Being embedded within the Careem app has enabled us to connect thousands of customers in the region to flexible car rental with unparalleled convenience and cost savings. Over the months ahead, we’re excited to expand our regional presence and offer our customers new multi-month deals and even faster fulfillment. We’re thrilled for Swapp to enter its next stage of growth as demand for flexible car rentals in the Middle East continues to soar. This deepened partnership reflects a shared vision to simplify access to mobility through technology and deliver more flexible, affordable transportation options across the region.”
Swapp offers a fully digitalized car rental service that removes the need for renters to visit a vehicle rental company and complete excessive administration to hire a vehicle. Vehicles are delivered directly to the customer’s doorstep within 24 hours following a simple online registration process.
Furthermore, it has built a robust marketplace with its supply of vehicles provided by car leasing companies as well as original equipment manufacturers and Swapp’s owned fleet. Swapp is embracing the adoption of EV vehicles by offering more electric car models in the UAE.
Adeeb Warsi, Chief Operating Officer at Careem, said that, “The opportunity for car rental services continues to rise as more and more people opt for flexible and affordable means of transportation. Swapp’s supply of high-quality vehicles and smooth digital experience has delivered immense value to our customers’ lives, and we’re excited to further expand our reach into this fast-growing segment.”
