Tuesday
August 18
2026

Naran Secures $10 Million to Empower Gig Economy Drivers Across Emerging Markets

By Tapiwa Matthew Mutisi

Naran, a UAE-based mobility financing and fleet infrastructure startup, has successfully closed a $10 million funding round comprising both equity and debt financing. Led by the investment firm Landel, this capital injection is earmarked to accelerate Naran’s mission of providing vehicle ownership opportunities to underbanked ride-hailing and delivery drivers.

Photo courtesy of Daniel Foster.

Source: Innovation Village (link opens in a new window)

Categories
Finance, Transportation
Tags
credit scoring, gig economy, infrastructure, lending, startups