News

Carasti Expands To Saudi Arabia After Raising $2 Million

To celebrate its recent expansion, Carasti is launching with a Ramadan offer of 50% off the first-month subscription for new Saudi subscribers.

Published

3 years ago

March 25, 2022

David Morelo

carasti expands to saudi arabia after raising $2 million

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From March 23, 2022, on-demand car subscription service Carasti is available in Riyadh, Saudi Arabia. The expansion of the UAE-based company into the Kingdom comes after a successful bridge round that helped Carasti raise $2 million from venture firms Net Ventures and Rua Growth.

The bridge round will soon be followed by Carasti’s Series A funding round, which should help it further drive growth and establish itself as a dominant player in the car rental and leasing market in Saudi Arabia, which is expected to reach $2.5 billion by 2026, according to a report by Mordor Intelligence.

“After a successful 2.5 years of rapid growth in the UAE, we are now making it possible for Saudi drivers to get a car without any of the hassles of ownership; our full-subscription model looks set to become the go-to brand for the Kingdom’s automotive needs starting today and into the future” said Claudio Esposito-Aiardo, CEO of Carasti.

Carasti offers a growing selection of new and nearly-new cars, and its subscription process takes less than three minutes to complete. Customers can choose from all-inclusive subscriptions ranging from 1 to 24 months, with prices starting at just SAR 1,799 ($479 USD) per month. The few required documents can be conveniently uploaded using the Carasti app, available to download on both the App Store and Google Play Store.

Also Read: 4 Smartphones Coming To The Middle East This Spring

To celebrate its recent expansion, Carasti is launching with a Ramadan offer of 50 percent off the first-month subscription for new Saudi subscribers. To take advantage of the offer, simply enter the code “WOW50” when signing up. After completing the quick and easy sign-up process, the selected vehicle can be ready in as little as 4 hours.

All subscriptions include not only the car itself but also all other expenses typically associated with car ownership, such as insurance, warranty, maintenance, and around-the-clock roadside assistance and delivery.

Related Topics:Automotive Carasti Saudi Arabia

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1,000 Drones Light The Dubai Sky For AC Milan Celebration

Cyberdrone’s groundbreaking display marked 125 years of AC Milan football club and the 1st-year anniversary of Casa Milan Dubai.

Published

19 hours ago

November 21, 2024

Nour Nasir

Cyberdrone, a leading UAV display company based in Dubai, put on a breathtaking drone light show on Monday to honor two significant football milestones: AC Milan’s 125th anniversary and the one-year anniversary of Casa Milan Dubai.

The spectacle involved 1,000 drones working in perfect harmony to project AC Milan’s iconic imagery against the city’s night sky. Highlights included the UAVs synchronizing to form the club’s iconic crest, the signature red and black jersey, and a special emblem marking its 125th year. The intricate performance demanded meticulous planning, not just in terms of choreography, but also in dealing with the necessary permits and logistics.

cyberdrone ac milan dubai

“Our goal was to spotlight AC Milan’s legacy through a stunning visual narrative,” explained Mohamed Munjed Abdulla, Director of Sales at Cyberdrone. “We celebrated the club’s history, its Dubai milestone, and the universal love for football. The show also enhanced AC Milan’s regional presence, growing its fanbase through a cutting-edge, memorable experience. Drone shows are unparalleled in leaving lasting impressions, making them perfect for driving partnerships and growth”.

Also Read: Joby Begins Construction Of Dubai’s First Vertiport For Air Taxis

Greta Nardeschi, AC Milan’s Regional Director for MENA, echoed the sentiment, adding: “Collaborating with Cyberdrone for this 1,000-drone performance allowed us to connect with our fans in innovative ways. It gave us a unique opportunity to surprise and inspire audiences while elevating our Club’s visibility and that of our partners. Cyberdrone truly helped us take AC Milan to new heights”.

This groundbreaking drone display sets a new benchmark for the Middle East’s sports sector, which already contributes around $2.4 billion annually to Dubai’s GDP alone. Sporting events also generate $1.76 billion in revenues across the region, while the MENA’s entertainment sector, valued at $41.13 billion, is growing at 9.41% annually, driven by rapid technological advancements.