Naran
Dubai-based mobility fintech offering rent-to-own cars and motorcycles to ride-hailing and delivery drivers in Latin America and Africa; raised USD 10 million in equity and debt from Landel in August 2026.
Industry: Mobility financing | Location: Dubai, United Arab Emirates | Founded: 2025 | Total Funding: USD 10M
About Naran
Naran is a mobility financing and fleet infrastructure company based in Dubai, United Arab Emirates, that finances cars and motorcycles for independent ride-hailing and delivery drivers in emerging markets. Although it is headquartered in the UAE, press coverage places its operations in Colombia, Peru, Senegal and Côte d'Ivoire, with a launch in Paraguay planned for September 2026.
Naran was founded in 2025 by Bayaskhalan Alexeev, who is chief executive, and Alexander Gubarev. Both previously worked at Yango, the ride-hailing company, where they launched and scaled ride-hailing operations in Latin America and Africa.
The core product is rent-to-own financing. Drivers who struggle to obtain conventional bank loans take a car or motorcycle on terms of 12 to 60 months and move toward ownership, while Naran buys the vehicles directly from manufacturers. The company built its own fleet management system, which covers driver onboarding, payment scheduling, utilisation tracking, telematics and maintenance. It has said it plans to offer that software as a service to third-party fleet operators, to provide asset-backed debt financing for fleet expansion and, where the economics justify it, to acquire operators.
Naran works with ride-hailing and delivery platforms including Yango and inDrive. Alexeev said that every vehicle the company finances adds an active driver to its partners' marketplaces. The company has set targets for 2030 of operating in 10 countries, creating 30,000 income opportunities and deploying 10,000 cars and 20,000 motorcycles.
In August 2026 Naran announced USD 10 million in equity and debt financing from Landel, an investment firm based in the UAE. The split between equity and debt, the valuation and Landel's stake were not disclosed. Aidar Musin, Landel's managing partner, described Naran as an asset-backed business in which each dollar deployed is secured by a revenue-generating, GPS-tracked vehicle. Naran said it will use the money to grow its fleets in its four operating markets, to enter new markets including the Middle East and North Africa, and to launch further fintech products.
Leadership
- Bayaskhalan Alexeev, Founder
- Alexander Gubarev, Founder