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Global mobility aggregator Karhoo partners with ride-hailing company Careem

6th Sep
2017
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Global mobility aggregator Karhoo partners with ride-hailing company Careem

Karhoo now has more than 500,000 cars worldwide on its network

Karhoo is cementing its position as the largest global marketplace for licensed ground transport with a strategic partnership with Careem –  the leading ride-hailing service in the Middle East and North Africa that operates in 80+ cities across the Middle East, North Africa, Turkey and Pakistan.

Karhoo, which is backed by RCI Bank and Services (Renault Nissan Alliance), brings together licensed taxi, private hire vehicle fleets and licensed transport network companies from around the world, giving greater choice to travellers everywhere.

Careem supplies cars and drivers to Karhoo’s global marketplace and users will also be able to book their Karhoo trips through demand partnerships in the travel industry, the first of which will be announced by the end of this year.

The partnership with Careem, which operates more than 250,000 vehicles, makes ordering chauffeur-driven cars with Karhoo even more reliable, safe, convenient, and affordable. Careem is operating across 13 countries and more than 80 cities in the Middle East and North Africa (MENA), including Pakistan and Turkey and is valued at more than $1 billion USD after closing a recent funding round of $500 million USD.

Karhoo has now partnered with more than 500 fleets and 500.000 cars across Europe, the Middle East, North Africa North America and Asia. Karhoo’s Co-CEO’s Boris Pilichowski and Nicolas Andine say: “We are very excited about the partnership with Careem. Karhoo wants to be the engine that helps power ground mobility globally by tying together the world’s fleets and the world’s travellers on one transparent marketplace. This partnership more than doubles our total fleet size and will give Karhoo a tremendous footprint in the Gulf states with a focus on both service quality and variety of choice in all transport price classes.”

Regional Partnerships Director for Careem Daniel Laczo says: “The more strong alliances we can form in the mobility space the better. The partnership with Karhoo is a particular promising one as Karhoo seeks to be the transparent go to marketplace for all ground transport. We’re really excited for this partnership”

About Karhoo

Karhoo is backed by RCI Bank and Services, a French bank specialising in automotive financing and services for the Renault-Nissan Alliance brands, and employs 80 people out of their London, Paris and New York offices.

Karhoo is creating a marketplace to provide the widest range of ground transport choices for travellers. With Karhoo, ground transportation will be simpler and easier. The Karhoo platform brings together licensed taxi, private hire vehicle fleets and transport network companies from around the world thereby give greater choice to travellers worldwide. Users book their Karhoo cars and drivers through demand partnerships in the travel industry, the first of which Karhoo is announcing later in 2017.

About Careem

Careem is the region’s leading ride-hailing service that provides reliable, safe and affordable transportation choices via a mobile app, on the web and through a call center. Careem is a pioneer in the region’s ‘sharing economy’ – its mission is to make people’s lives simpler, create millions of jobs, and to BeCareem – to be kind, generous, and inspiring as we move the region towards better living. Established in July 2012, Careem operates in more than 80 cities across 13 countries in the broader Middle East, including North Africa, Turkey and Pakistan.

For more information, visit www.careem.com

Press inquiries Karhoo

Adam Fresco, Head of PR at Karhoo: adam.fresco@karhoo.com and +44 (0) 7770 446 764

Press inquiries Careem

Tracey Workman, Corporate Communications Manager: tracey.workman@careem.com and +971 55 9552659

The new Karhoo launching soon

9th Aug
2017
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The new Karhoo launching soon

Building a transparent marketplace for global personal mobility

We’re excited to announce that the all new Karhoo is now close to our big launch. We believe that Karhoo’s transparent mobility marketplace will enable taxi and private hire fleets to reach new and bigger markets and will create a better choice for their users.

Our supply partners come first. Over the last eight months, our team has been hard at work adding an incredible selection of taxis and private hire fleets to Karhoo.

Karhoo’s Head of Global Supply, Niels Kaae says: “We’ve already created partnerships with more than 500 fleets offering immediate bookings in 10 countries and pre-booked in more than 100 countries. At this pace, Karhoo will provide an incredible amount of choice for users looking for safe, convenient and trustworthy transport anywhere they travel”

Better together.
We need your support to help build our personal transport marketplace for the future. If you know a great fleet that wants to receive Karhoo bookings, please do get in touch on suppliers@karhoo.com.

The sooner we reach our goals for fleets and global coverage, the quicker we can launch the new Karhoo – together transforming urban mobility for everyone.

The new Karhoo launching soon

Since January 2017 we’ve been ramping up our product, data and development capability and the Karhoo team now consists of more than 50 talented engineers. The next key milestone is the release of the Karhoo supply API to integrate all of our fleet partners followed by the release of the first version of the new Karhoo.

We’re super excited and hope you are too.

Stay tuned!

Karhoo is back on the road funded by RCI Bank and Services

5th Jan
2017
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Karhoo is back on the road funded by RCI Bank and Services

Karhoo, the world’s first cab comparison platform, has been bought out of administration with a new team funded by RCI Bank and Services, the financial services provider for the Groupe Renault brands in the world and for the Nissan Group brands mainly in Europe. RCI Bank and Services operates at the crossroads of three challenging worlds: cars, banking and services.

In the month after the company folded, 40 bids were placed for the company by global corporates and investment firms from around the world, who all saw the potential in the Karhoo model, IP and contracts with fleets around the world.

Flit Technologies Ltd, a new venture funded by RCI Bank and Services, won a competitive auction process that will see the company relaunch this year.

Boris Pilichowski and Nicolas Andine, who took over as joint CEOs in the last few weeks of the previous company’s existence as they tried to find a buyer, have taken over the same roles at the new company and are recruiting around the world. 

They said: “There is a need in ground transportation for someone to aggregate all the independents and allow them to compete and we are determined to make sure Karhoo fills that need. Karhoo was amazingly successful in ferrying hundreds of thousands of people around the world but lacked a corporate backer, but with RCI Bank and Services, we now have that.”

Alice Altemaire, Chairman of the Board of Flit Technologies Ltd, Vice President, Accounting and Performance Control of RCI Bank and Services said:  “We are very delighted to bring Karhoo back to life and build a new strategic plan with the team over the next months. I was very impressed by the professionalism and enthusiasm of the teams and I’m sure we will soon be back on the market. We will learn from each other. Furthermore, this investment will allow RCI Bank and Services to expand and enrich its offer.

About RCI Banque S.A

Created and wholly owned by groupe Renault, RCI Banque is a French bank specialising in automotive financing and services for Groupe Renault customers and dealer networks (Renault, Renault Samsung Motors and Dacia) throughout the world and the Nissan group (Nissan, Infiniti and Datsun) mainly in Europe, Russia and South America.

With over 3,000 employees, we give our end customer access to automotive mobility through a full range of solutions in financing, insurances and services. For both individuals and companies, our line of conduct is the same: to deliver differentiated competitive solutions for smooth and sustainable access to mobility

In 2016, RCI Banque’s commercial identity has changed to become RCI Bank and Services. As a car-financing activity key player, RCI Bank and Services aims at becoming a bank offering innovative services and car-mobility solutions. The company remains nonetheless incorporated under the RCI Banque SA name

RCI Bank and Services covers 36 countries, on 5 continents, financed over 1.3 million contracts (new and used vehicles) in 2015 and sold more than 2.9 million services. Average loans outstanding stood at €28.6 billion of funding at end-June 2016 and earnings before tax at €844 million at end-December 2015 and €431 million at end-June 2016.

Since 2012 RCI Bank and Services has rolled out a deposits collection business in four countries.  At end-June 2016, net deposits collected stood at €11.8 billion, or 34% of the company’s outstandings.

 Find out more about Karhoo at www.karhoo.com

 Find out more about RCI Banque at www.rcibs.com