Cabrio the Premium Transportation Services, “Cabrio,” announced the closure of its Pre-seed investment round, led by a group of angel investors. The investment aims to enhance the technological experience of luxury transportation services. The company offers the most comfortable and elegant transportation experience by taking care of all the details of the trips and providing the best chauffeurs. Since the beginning of the year 2023, the company has made significant progress through digitizing the product and collaborating with major entities in the Kingdom and in the region.
Commenting on the round, Mishari Al-Mubairek, the founder and CEO of the company, said: “Through Cabrio, we aim to establish our brand by offering distinguished services that keep pace with future aspirations and the amazing development that the Kingdom is undergoing in all aspects and fields, in response to the growing need for world-class services with unconventional specifications to serve companies, individuals, and visitors to Saudi Arabia. We are striving to keep up with the Kingdom’s Vision 2030 to achieve progress and prosperity.”
On his part, Khuzaima Al-Qattash, the co-founder and Chief of Product Growth, said: “There is a noticeable development and urgent need in the transportation services sector to raise the quality of service, so we have focused on enabling technology to enhance the smooth and distinctive experience for the customer. Everyone knows that Saudi Arabia has become a focus of attention for the world in terms of tourism and investment.”
This funding round will contribute to improving our products and completing our digital transformation journey. Additionally, it will support our geographic expansion plan and recruitment efforts. The aim is to enhance the distinctive, luxurious experience that Cabrio offers at every stage.