# KLEZCAR Travel & Tours Sdn. Bhd

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/klezcar-travel-tours-sdn-bhd

- Industry: Consumer Services
- Headquarters: Petaling Jaya, Malaysia
- Website: www.klezcar.com
- Total disclosed funding: $1.5M
- Latest round: Series A (Jan 3, 2020)
- Investors on record: 1

## 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.

## Funding rounds

- Series A, Jan 3, 2020, $1.5M — Malaysian Technology Development

## Investors

- Malaysian Technology Development (https://capitalatlas.ai/funds/malaysian-technology-development) — Series A