KLEZCAR Travel & Tours Sdn. Bhd
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KLEZCAR Travel & Tours Sdn. Bhd - overview
Location
Petaling Jaya, Selangor, Malaysia
Primary Industry
Consumer Services
About
KLEZCAR Travel & Tours Sdn. Bhd. is a Malaysian car rental company that provides a diverse fleet of vehicles for both daily and monthly rentals, focusing on customer convenience and accessibility. KLEZCAR Travel & Tours Sdn.
Bhd. operates as a car rental service based in Petaling Jaya, Malaysia. The company was founded by Amad Abidin, who has a background in the travel industry. KLEZCAR has successfully raised USD 1.
46 mn in Series A funding on January 3, 2020, from Malaysian Technology Development Corporation, which brought the company's post-money valuation to USD 2 mn. KLEZCAR offers an extensive range of over 2,000 vehicles catering to various customer needs, from budget-friendly options to luxury models. Their services include daily and monthly rentals, along with features such as breakdown assistance and a user-friendly mobile app that simplifies the rental process, enabling customers to select and unlock vehicles without traditional keys. The company operates strategically in major Malaysian cities including Kuala Lumpur, Johor Bahru, and Kota Kinabalu.
In 2019, KLEZCAR reported a revenue of USD 1,465,619. 40, with an EBITDA amount of USD -36,403. 80 for the same year. The company generates revenue primarily through direct consumer transactions via their mobile app and website, with competitive pricing structures based on vehicle type and rental duration.
KLEZCAR aims to leverage the recent Series A funding of USD 1. 46 mn to enhance its service offerings and expand its market reach. The company is currently developing new products to improve the customer experience, with plans for geographical expansion into other Southeast Asian markets by 2023. The funding will support these initiatives, including the development of additional features in their mobile application to attract new customers and retain existing ones.
Current Investors
Malaysian Technology Development
Primary Industry
Consumer Services
Sub Industries
Car Hire Services, Travel & Tourism, Search Engines, Web Applications
Website
www.klezcar.com
Company Stage
Series A
Total Amount Raised
Subscriber access only
KLEZCAR Travel & Tours Sdn. Bhd - timeline of key events
KLEZCAR Travel & Tours Sdn. Bhd - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 192,134 | 745,342 | 6,928,120 | 9,386,731 | 7,360,668 | 6,069,776 | - | - | - |
| % Revenue Growth (YoY) | - | 287.9% | 829.5% | 35.5% | (21.6%) | (17.5%) | - | - | - |
| EBITDA (USD) | 4,509 | 67,421 | 333,817 | 356,606 | 492,651 | (150,764) | - | - | - |
| Operating Income (USD) | 4,245 | 43,540 | 298,280 | 316,682 | 306,181 | (360,663) | - | - | - |
| Operating Margin | 2.2% | 5.8% | 4.3% | 3.4% | 4.2% | (5.9%) | - | - | - |
| % EBITDA Margin | 2.3% | 9.0% | 4.8% | 3.8% | 6.7% | (2.5%) | - | - | - |
| NET Income (USD) | 340 | 29,912 | 241,574 | 232,911 | 56,371 | (476,449) | - | - | - |
| % Net Margin | 0.2% | 4.0% | 3.5% | 2.5% | 0.8% | (7.8%) | - | - | - |
KLEZCAR Travel & Tours Sdn. Bhd - employee data
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