South Korean car rental startup Nairan aims to become the leader in rental cars and services, with the goal of creating a global, low-cost, reliable and convenient rental service.
Naira has raised $7 million in funding from several investors including Chinese tech giant Fosun, Russian venture capital firm RIA Capital, and Chinese e-commerce company Zhejiang Sichuan.
The startup is seeking to develop its platform and services as a service provider in North America, Europe, South Asia and beyond, Nairo CEO Li Yang told TechCrunch.
“We are building a platform that provides a platform for the global rental car industry, where the rental car rental market is growing globally.”
The company, which launched in the United States in 2016, now has offices in New York, Austin, and Singapore.
The company is currently focused on developing its services in North American and European markets.
“Naira is building a global rental service that provides the drivers, drivers, and customers of rental cars a low cost, reliable service,” Yang said.
“Rental car companies have to build a reputation with customers to become successful in the market.
Naima is doing this by providing a service for its drivers that makes it easy to rent a car, and we’re doing it by providing the customers with a service that helps them earn money through their car rental.”
A car rental service like Nairar can be expensive, and a driver’s license is a requirement for a car rental.
But in this age of the smartphone and driverless cars, drivers don’t need a license to rent cars.
“It’s also very cheap to rent,” Yang added.
“When you go to your car rental agency, they don’t charge you a lot of money, because the company will give you the car at the end of the week and it will be yours forever.”
Nairan has developed an app for the iPhone that allows customers to schedule their rental car, rent it, and get a receipt.
The app is also available for Android and Windows Phone.
“If you rent a rental car with us, you can earn money,” Nairu said.
Nairu, which has offices and a network of dealerships in North Korea and Taiwan, has already received over 50 million reservations for rental cars since the launch of its app in the U.S. in March of this year.
The company is now planning to launch in other countries, including China and Russia, in the next three to five months.
Naima plans to launch its services for North American customers in the first quarter of 2019.
The service will provide a “one-stop-shop” for rental car customers, with an option to make a reservation through the Nairam mobile app.