Dubai’s WheelsOn raises $12.5 million in debt and equity for its deposit-free car rental platform

Dubai-based car rental startup WheelsOn has closed a $12.5 million funding round that combines $2.2 million in equity from a group of investors, including the founders of London-based Xploration Capital, $6.5 million for fleet expansion, and $4 million in bank financing. The deal values the two-year-old company at nearly $30 million. Founded in 2023 by […] The post Dubai’s WheelsOn raises $12.5 million in debt and equity for its deposit-free car rental platform appeared first on MENAbytes .