Drive lah
Financials
Estimates*
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | <1m | 3.8m | 4.3m |
% growth | - | 300 % | 13 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $250k | Seed | |
N/A | $700k | Seed | |
N/A | $500k | Seed | |
* | $3.2m | Seed | |
* | $5.0m | Seed | |
Total Funding | CAD13.2m |
Related Content
Recent News about Drive lah
EditDrive lah is a Singapore-based startup that operates in the car rental and car sharing market. It provides a platform for car owners to rent out their vehicles when they are not in use, thereby creating an additional income stream. The company serves two main types of clients: car owners (hosts) and individuals who need a car for short-term use (guests).
The business model of Drive lah is based on peer-to-peer sharing, which means that it connects individuals who want to rent a car with those who have a car to rent. This model allows the company to operate without owning any cars itself, thereby reducing its capital expenditure and operational costs.
Drive lah earns revenue by charging a commission on each rental transaction. The company also offers comprehensive insurance coverage, known as Drive lah protection, for each trip to ensure the peace of mind of both hosts and guests.
The company has positioned itself as a more affordable and flexible alternative to traditional car rental services. It claims to be 30-40% cheaper and offers flexible monthly rentals with no financial commitment or deposit.
Drive lah also emphasizes its commitment to customer service and building trust within its community. It has a verification process for guests and provides a platform for hosts to share their experiences and feedback.
Keywords: Car Rental, Car Sharing, Peer-to-Peer, Singapore, Additional Income, Flexible Rentals, Affordable, Comprehensive Insurance, Customer Service, Trust Building.