Careem acquires minority stake with Swapp to simplify car rentals

For the first time, Careem has taken an equity stake in one of its partner apps, joining forces with Swapp to bring more innovation and flexibility to car rentals across the region.

Swapp has powered Careem Car Rental since 2022, enabling UAE customers to book short- or long-term rentals directly through the Careem app. Now, with this deeper investment, the experience is getting even smarter.

🚗 Rentals, reimagined

Swapp’s fully digital model eliminates the need for in-person paperwork or branch visits, offering instant KYC, real-time tracking, and car delivery in as little as one hour. With this next phase, customers can expect even more features:

• On-demand car swaps based on your changing needs
• Lease-to-own options directly in the app
• An expanded EV fleet across the UAE
• Smarter fleet dispatching and delivery logistics

From short-term convenience to longer commitments, Swapp makes car rental feel as flexible as ride-hailing.

📈 A growing market, a shared vision

The car rental market in the UAE is expected to reach $175 million this year, with 87% of all bookings expected to be online by 2030. Careem and Swapp are building for that future—together.

Swapp currently sources cars from leasing companies, OEMs, and its own fleet, offering a wide range of vehicles including Mitsubishi, Jeep, Tesla, Porsche, Ferrari, and more.

Whether you’re renting for the weekend or the long haul, Careem Car Rental, powered by Swapp, delivers a smooth, flexible, and fast experience.