Riyadh - Sharikat Mubasher: The Saudi-based Cabrio for Premium Transportation Services Company (Cabiro) raised its first pre-seed funding round, led by several angel investors, the company announced in a statement.

Cabrio will dedicate the proceeds to develop its products, accelerate its digital transformation journey, and support its expansion plans and recruitment efforts.

Cabrio offers a comfortable and elegant transportation experience by taking care of all the details of the trips and providing the best chauffeurs. It entered into significant partnerships with key players in the Kingdom and the region.

Mishari Al-Mubairek, the founder and CEO of Cabrio, said: “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."

Meanwhile, Khuzaima Al-Qattash, Co-founder and Chief of Product Growth at Cabrio, commented: “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.”