Backed by FasterCapital’s Support ARK is poised to Disrupt the Urban Transportation

Dubai, UAE,2024-Nov-10 — /EPR Network/ — The team at FasterCapital is thrilled to announce the acceptance of urban transportation startup ARK into its LaunchUp Program.

Led by the visionary Founder & CEO Tarek Taha, ARK is set to revolutionize the way urban dwellers commute, addressing key challenges faced by both riders and drivers in the ride-hailing industry.

ARK’s innovative model, driven by a subscription-based approach, ensures fixed and transparent pricing for riders while offering fair compensation and stable income for drivers. By leveraging advanced algorithms for smart trip allocation, ARK aims to reduce traffic congestion, lower emissions, and enhance service reliability and quality. ARK is based in Egypt and is currently raising $1.5M.

CEO of FasterCapital Hesham Zreik expressed his excitement about ARK joining the program, stating, “We are thrilled to welcome ARK into our program. Tarek Taha’s vision and commitment to transforming urban transportation align perfectly with FasterCapital’s mission to support innovative startups that make a positive impact. We look forward to working closely with ARK to help them achieve their goals and scale their business.”

In response to the collaboration with FasterCapital, Tarek Taha, Founder & CEO of ARK, shared his enthusiasm, saying, “Joining FasterCapital’s Program is a significant milestone for us. We will not only raise the necessary funds to scale our business but also make a lasting impact on urban transportation. We are excited to embark on this journey together.”