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Overview
Invygo is a car subscription service based in Dubai, serving the Middle East. It lets customers monthly-subscribe to cars, spanning eco-friendly, family-sized, and luxury options. Subscriptions are managed via a mobile app, enabling paperless transactions, free delivery, and easy returns or exchanges. Revenue comes from monthly subscription fees, offering flexible, long-term car use without ownership. The service targets individuals and families seeking a convenient alternative to traditional rental or ownership, differentiating itself with a fully digital, doorstep-delivery model and a broad vehicle mix.
About invygo
Industries
Automotive & Transportation
Consumer Software
Company Size
51-200
Company Stage
Series A
Total Funding
$25.2M
Headquarters
Dubai, United Arab Emirates
Founded
2018
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Simplify's Take
What believers are saying
- May 7, 2026 app update signals ongoing product investment and user experience work.
- June 2025 PEUGEOT pilot adds OEM inventory and validates subscription demand.
- RemoteFront tracked 24 open roles in September 2026, indicating active expansion.
What critics are saying
- Residual-value losses on financed fleets destroy margins when used-car prices fall.
- Egypt, Saudi Arabia, and UAE concentration exposes Invygo to regional demand shocks.
- Missing profitability after the 2024 STV extension forces a 2027 rescue round.
What makes invygo unique
- Invygo’s app lets drivers subscribe, swap, and own cars across GCC markets.
- PEUGEOT Middle East picked Invygo and Yelo for its June 2025 subscription pilot.
- August 2026 careers postings show deep product, operations, and AI hiring in Cairo.
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Funding
Total Funding
$25.2M
Below
Industry Average
Funded Over
7 Rounds
Industry standards
Benefits
Remote Work Options
Flexible Work Hours
Employee Discounts
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 1%2 year growth
↑ 2%Car subscription startup Invygo has secured $10M in Series A funding to expand into new markets and enhance its technology. The round was led by Middle East Venture Partners, with participation from Al Rajhi Partners, Arab Bank, and others, bringing total funding to $14.6M. Invygo, based in Dubai and Riyadh, plans to strengthen its presence in Saudi Arabia and the UAE, with future expansion into Egypt, Pakistan, and Turkey.
Invygo, a car subscription platform in the Middle East, has successfully completed an $8 million Series A funding extension. The funding was led by STV's newly launched NICE fund, with participation from existing investors like Al Rajhi Partners, Al Arabi Ventures, SPV, MEVP, and C5. Invygo aims to achieve profitability by the end of the 2024 fiscal year, driven by its innovative "subscription with ownership" model, particularly in Saudi Arabia.
Car subscription platform Invygo raises $8mn from Saudi Arabia's STV, existing investors to fuel growth.
Saudi Arabia-headquartered mobility startup invygo has raised an $8 million Series A extension provided by STV’s newly launched...
Mobility startup invygo closed a USD 8 mn series A extension round, led by STV 's newly established NICE Fund with follow-on investments from Al Rajhi Partners, Arab Bank Ventures, SPV, MEVP, and C5, according to a press release (pdf).
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About invygo
Industries
Automotive & Transportation
Consumer Software
Company Size
51-200
Company Stage
Series A
Total Funding
$25.2M
Headquarters
Dubai, United Arab Emirates
Founded
2018
There are no jobs for invygo right now.
Find jobs on Simplify and start your career today