Overview

Wheely offers a premium chauffeur service in the luxury ride-hailing market, catering to clients who desire a more refined travel experience. The service allows users to book single or multiple luxury vehicles, such as the Mercedes Benz V Class, either on demand or in advance, making it especially popular for airport transfers. Chauffeurs are highly professional, dressed in suits and ties, and provide personalized touches to enhance the travel experience. Wheely stands out from competitors by offering a fixed pricing model, which eliminates fare fluctuations and provides clients with clear costs for their journeys. The company's goal is to deliver a seamless, high-quality transportation experience that prioritizes comfort, safety, and elegance for business professionals and high-net-worth individuals.

Simplify's Take

What believers are saying

• Increased demand for luxury travel experiences post-pandemic boosts Wheely's market potential.
• Expansion into Dubai taps into a high concentration of affluent individuals.
• Growing trend of digital transformation enhances customer experience through Wheely's app.

What critics are saying

• Increased competition from local luxury ride-hailing services in Dubai.
• Uber's luxury service launch in London poses a direct threat to Wheely.
• Economic sanctions affecting Russia may disrupt Wheely's operations and revenue streams.

What makes Wheely unique

• Wheely offers a bespoke, five-star chauffeur service with luxury vehicles.
• The company provides fixed pricing, appealing for airport transfers and pre-planned journeys.
• Wheely's chauffeurs are highly professional, offering personalized touches like door-opening.

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Funding

Total Funding

$41.9M

Below

Industry Average

Funded Over

3 Rounds

$15,000,000

Series B

Dec 2023

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Below Average

Industry standards

Ind Avg. $35M

$4M

$15M

$30M

$45M

$65M

$100M

View all funding stages