Careem takes minority stake in car rental platform Swapp

▤ Summary

Careem has taken a minority stake in Swapp and deepened its partnership with the UAE car rental platform. The two companies will expand Careem Car Rental inside the Careem app and add features such as instant KYC, one-hour delivery, real-time tracking, and flexible rental or lease-to-own options. Swapp runs a fully digital car rental marketplace and is expanding its EV offerings and regional presence. The deal strengthens Careem’s mobility ecosystem and supports Swapp’s next phase of growth in the Middle East.

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