Membership-based Automobile Rental Platform QEEQ Raises Tens of Mns of USD in Financing

Just lately, international membership-based automobile rental platform QEEQ introduced the completion of tens of tens of millions of {dollars} in financing. The funds might be primarily used for R&D, product planning, group growth, international market advancing and customer support enchancment, to supply customers with higher merchandise and expertise.

Ben Lee, Founding father of QEEQ, commented, “We’re pleased to announce the completion of this financing spherical. It could strengthen our monetary reserves, and it marks a key step in QEEQ’s enterprise improvement. QEEQ is now in a position to allocate more cash and assets to shine the merchandise, enhance consumer expertise and understand its long-term purpose of worth creation. Sooner or later, QEEQ will give attention to leveraging our assets to broaden the market, thereby producing returns for all stakeholders.”

QEEQ is likely one of the main worldwide on-line membership automobile rental platforms. Previously referred to as EasyRentCars, QEEQ was formally upgraded to a brand new model in March 2020. Its enterprise covers almost 200 nations and areas, and it has greater than 200,000 suppliers in 6000 cities. Customers can discover all of the details about automobile renting equivalent to costs, providers and site of the rental firm on the platform, make the reserving with the bottom worth doable, after which pay by bank card or digital foreign money.

QEEQ Diamond membership permits shoppers to get pleasure from cheaper journey product provides

QEEQ launched the QEEQ Diamond Membership in Might 2021, a service with unique provides on automobile leases and journey, in addition to free airline accident insurance coverage for a yr.

Ben Lee mentioned:” We’re constructing a robust hybrid enterprise mode with a give attention to large-scale circulation diversion. As soon as now we have expanded the size, we will provide perks and reductions to vacationers and a custom-made set of suggestions based mostly on all the data now we have, together with info on motels, flights, automobile leases and journey experiences.”

In keeping with Edmunds, automobile rental prices have risen For the reason that COVID-19 pandemic outbreak. The common month-to-month value of automobile rental in February this yr was 560 {dollars}, 19% greater than the identical interval two years in the past. In the meantime, the typical month-to-month worth for automobile loans was 637 {dollars}, up about 12% from February 2020.

The Diamond Membership of QEEQ equips each consumer get pleasure from a reduction of greater than 10%. Member customers will expertise nice comfort in a collection of digital purposes. QEEQ ensures that every part is straightforward and user-friendly, giving shoppers a greater expertise. For QEEQ, it will possibly appeal to extra loyal customers and produce substantial advantages for customers, which is a win-win state of affairs. To this point, QEEQ’s consumer repurchase price is greater than 50%.

The primary automobile rental platform helps cryptocurrency funds

Cryptocurrency is now being accepted for its retailer of worth. The appearance of the period of cryptocurrency funds additionally dramatically will increase the liquidity of cryptocurrency, which additional highlights its worth. Information present that previously yr 2021, greater than 150,000 companies worldwide settle for Bitcoin funds, most of that are positioned in developed nations and areas equivalent to North America and EU nations.

The variety of individuals utilizing cryptocurrency funds worldwide grew by 178% in only one yr in 2021, from 106 million in January to 295 million in December. In keeping with a research printed by BrandEssence Market Analysis in June 2022, the worldwide cryptocurrency fee gateway market is anticipated to develop at a CAGR of twenty-two.8% between 2022 and 2028.

As early as February 2020, QEEQ launched the cryptocurrency fee operate, turning into the world’s first automobile rental platform that helps cryptocurrency funds.

QEEQ’s assist for cryptocurrency funds comes with a number of advantages. First, whereas bank card charges normally account for about 2% to 4% of transaction charges in most areas, cryptocurrency charges take solely half of that and even much less. Second, when making cross-border transactions, the alternate charges of bank cards are a lot greater than cryptocurrency. As well as, in contrast to digital banking transfers whose course of could take days, cryptocurrency transfers might be made virtually immediately.

Ben Lee mentioned that including digital foreign money funds along with different fee strategies will assist customers and enterprise companions totally benefit from the comfort introduced by the fast-developing Web fee applied sciences. The digital foreign money may also change into extra handy, considerably reducing the edge for peculiar customers to entry a greater fee methodology powered by blockchain applied sciences.

QEEQ will create a free and environment friendly automobile rental ecosystem

The automobile rental market has been recovering quickly from the pandemic lately. Resulting from advances in digital expertise, the automobile rental market is now extra dynamic, with sharply elevated service capabilities of the rental business to satisfy customers’ expectations and enhance their buyer experiences of the automobile rental service. Nevertheless, it’s extensively identified that  most small and medium-sized automobile sellers can’t develop a big info administration system. Due to this fact, exorbitant service charges are required in the event that they need to purchase a big automobile vendor system.

As we speak, many small and medium-sized rental firms utilizing on-line reserving platforms nonetheless manually generate payments and pursue unpaid fees or spend lots of manpower and assets on routine fleet administration and preventive upkeep. It’s clear that the human prices of working automobiles far exceed the income these firms get from renting them.

QEEQ, a membership-based automobile rental service supplier, plans to open its provider administration system to international automobile sellers without cost. The speedy deployment of SAAS may also help extra automobile rental firms speed up and full digital purposes. QEEQ has used a provider administration system at the side of main automobile sellers worldwide to assist customers obtain clever and quick automobile pickup and return. A working example is the contactless self-service pickup and return service, which permits customers, by the QEEQ on-line platform, to understand “contactless on-line order, contactless offline pickup and return.” The simplified course of enormously reduces the contact between customers and workers, which not solely offers customers a way of safety but additionally saves the time and value of offline automobile pickup and return, rendering customers a memorable car-renting expertise. On the similar time, It empowers the automobile dealership with environment friendly stock administration capabilities, which finally helps the dealership enhance income.

As we speak, assuming a automobile dealership must course of order info extra effectively to enhance service and operational capabilities and finally cut back operational prices, the SAAS platform launched by QEEQ may also help. This SAAS platform can guarantee dealerships obtain this qualitative change in operations to the best extent doable. Via systematization and automation, the platform can enhance the pace of order processing and assist multi-dimensional administration of manufacturers, shops, autos, insurance coverage packages, customers and so forth. The business’s finest stock administration algorithm ensures that the precise car can have the next rental price. As well as, this platform supplies an API interface to facilitate self-service entry to extra channel platforms, provide clever analyses of market setting, order standing, retailer operation time and many others., minimize extra retailer stock, enhance operation effectivity and save prices.

Ben Lee mentioned: “The profitable completion of this financing spherical will assist QEEQ refine its enterprise. Remaining true to the model mission of constructing journey simpler, QEEQ, with distinctive service benefits and innovation capabilities, will attain potential customers throughout the globe, always optimize the ecological chain of worldwide journey providers, proceed to supply customers with new journey experiences, and attempt to change into a world-class journey platform.”

Media Contact
Firm Title: Qompass Voyage Restricted
Contact Particular person: Rocky
E mail: Ship E mail
Telephone: +852 30085665
Handle:Rm 1702, 17/F, Hong Kong Commerce Centre, Nos. 161-167 Des Voeux Street Central
State: Hong Kong
Nation: China
Web site:

Leave a Reply

Your email address will not be published. Required fields are marked *

Translate »