UAE-based WheelsOn Raises $8.5M

UAE-based platform, WheelsOn, announced that it has secured $8.5 million in investments from Xploration Capital and MENA-based investors.

WheelsOn is a digital car rental platform founded in 2023 by Nikolay Melnichuk and Adlet Shagirov, later joined by Maxim Olivson.
The funds will be used to expand its fleet and enhance its digital products, including dynamic pricing tools and digital car keys.
WheelsOn also secured $4 million in financing alongside the $8.5 million equity investments.

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Startup: e-Commerce, AI. Founding date: 2023. Country: UAE. Investors: Wamda Capital, 10x...