Egyptian Startup FriendyM Raises $2 Million Investment for Car Management App

FriendyM, an Egyptian application specializing in car management and maintenance, has secured a $2 million investment

The app, the first of its kind in Egypt, is already operational in other countries like Saudi Arabia and the United Arab Emirates. FriendyM aids users by sending notifications for regular maintenance appointments, calculating average maintenance costs, managing expenses like fuel bills and parking, and providing technical support through a chat feature. The app also offers concierge services, with a Lite package featuring a dedicated mechanical engineer and an Elite package providing emergency relief vehicles and car replacement services in case of extended maintenance.

FriendyM, Egypt’s Car Management App, Raises $2 Million Investment

Egyptian startup FriendyM, the first car management and maintenance app in the country, has raised a $2 million investment. The app, which is already operational in Saudi Arabia and the UAE, allows users to manage car-related tasks such as maintenance appointments, expense tracking, and technical support through a chat feature. FriendyM aims to reach 100,000 cars on its platform within the first year and expand its services to all governorates in Egypt. The app also plans to launch Lite and Elite concierge services with monthly fees, offering additional features like dedicated mechanical engineers and emergency relief vehicles.