GLO Ventures and Riyadah Solutions have completed a strategic investment round aimed at accelerating the development of smart mobility solutions in Saudi Arabia, supporting the Kingdom’s Vision 2030 objectives for digital transformation and advanced transportation ecosystems. The investment focuses on building an integrated platform that combines fleet management and vehicle rental services under a unified, technology-driven model.
The planned platform will support multiple operating models, including traditional vehicle rentals, shared mobility, and self-service solutions, alongside telematics and remote vehicle control capabilities already offered by both companies. By consolidating these services, the initiative aims to improve operational efficiency, enhance user experience, and strengthen Saudi Arabia’s local mobility innovation ecosystem.
A key component of the investment is the development of a robust technological infrastructure that connects vehicles, digital systems, and users. This foundation is designed to enable fleet automation and the deployment of Internet of Things solutions across the mobility sector, supporting smarter operations and data-driven decision-making.
The initiative aligns with Saudi Vision 2030’s focus on digital leadership, industrial innovation, and the growth of technology-enabled services originating in Riyadh with regional and global relevance.
