In a world where luxury and convenience go hand in hand, Renty has proven to be a real game-changer in the car rental industry. Founded in 2018 by visionary entrepreneur Yevhen Parokhod, the company has grown to become one of the leading luxury car rental services in the UAE. Initially, Renty was an online platform designed to simplify and enhance the car rental experience. However, over time, it has evolved into a powerful IT company with many partners, clients and global presence. Today, it is one of the key players in the industry and has set the bar high for service quality.
First steps towards global recognition
Amid global economic challenges, Renty has observed a 20% decline in demand for luxury and premium cars. Average rental duration and booking price fell by 20% and 17% year-on-year, respectively. For the economy and mid-size segments, they forecast a robust 30% growth. In response to a “rent” and “lease-to-own” mentality, they launched the platform, reflecting a shift away from traditional ownership models. And that’s how it all started.
Founded with the mission to optimize the car rental process for companies and private customers, Renty has made impressive progress since its inception. The company now has a team of over 100 employees worldwide and a diverse fleet of 350 luxury cars. In its portfolio, there is an option for every taste and preference – from the Mercedes G63 AMG and Porsche 911 Carrera Cabrio to the BMW 7 Series and Range Rover Sport Vogue 2023. The company serves thousands of customers around the world and has a high rating on Google and Trustpilot.
A marketplace for all needs
Renty is a marketplace where customers can choose a car from the company’s own fleet or from the vehicles of their trusted partners. For the convenience of its customers, Renty offers various services. There are hourly, daily, weekly and monthly rentals, as well as leasing and ownership options for cars. In addition, the company offers chauffeur services and airport transfers, thus meeting a variety of luxury transportation needs.
Some of the newer services that the company has introduced include yacht and buggy rentals. Although these are new offerings in their service list, they are already gaining popularity among customers who are looking for premium comfort and ultimate experiences. However, the best thing that their customers appreciate the most is Renty’s no deposit policy and its 24/7 availability. Such a customer-centric approach has made the company stand out in the competitive market.
Technological excellence and customer satisfaction
Renty’s high-tech platform ensures a fast and smooth booking process. This is how the company has actually made a name for itself 4.8 star rating on Google Maps and 4.5 star rating on Trustpilot. The company focuses on the convenience of its customers, which is why all payment methods are accepted – from cash and credit cards to various cryptocurrencies. To give customers access to Renty’s services on the go, the company has released a new mobile application for Android and iOS. Using the app is free and definitely takes the user experience to a new level.
Mission and Vision
With over eight years of experience in the UAE car rental market, Yevhen Parokhod leads Renty with a passion for innovation and excellence. Under his leadership, the company has overcome numerous challenges. And the COVID-19 pandemic is no exception. Although this time has been extremely difficult for businesses and ruined many companies, Renty has prevailed and emerged even stronger. And it is their willingness to optimize, process automation and constant improvements that have helped them overcome the challenge.
As Renty.ae founder Yevhen Parokhod mentions in his interviews and statements, Renty’s main mission is to take the car rental market to a new level, which is why they are constantly introducing new standards, innovative products and customer-oriented services in the UAE.
“It is important for me to show the entire car rental market how it can develop and provide better service to people so that this industry can achieve benefits and profits,” says Yevhen. “My main principles as a leader are to respect, listen to and exceed customer expectations; to build honest and respectful relationships with our partners; to automate and simplify processes,” he adds.
With such an approach to business management and customer service, the company will undoubtedly become the leading car rental company and is already setting industry standards for quality and customer satisfaction.
Future plans and expansion
The beginning has been made! The company has built a solid brand in the industry. But it will not stop there. Looking ahead, Renty plans to enter the small car rental business, open a new office in Abu Dhabi, expand its luxury fleet to 400 cars and double the number of rental cars by 2024. The company also wants to expand its yacht rental business, enter new markets in Saudi Arabia and the US and launch a comprehensive mobile application. For many, this may sound too ambitious. However, these are absolutely realistic goals if we consider what they have achieved so far and how fast they are developing.
Renty: Commitment to excellence
One thing we can say for sure is that Renty is committed to providing top-notch service and quality. The company has placed its emphasis on customer satisfaction, honest partnerships, and efficient operations. The company’s approach to business is data-driven, and it comes with informed decision-making and continuous improvement. Today, you can join the revolution and experience the best in luxury car rental with Renty. Whether you’re looking for a sleek car for a night out, an SUV for a family trip, or a luxury yacht for a special occasion, Renty has you covered. With plans to expand its services and fleet, the company has even more to pleasantly surprise you with.
For more information, visit Renty’s official website and discover why it is the preferred choice for luxury car rental in the UAE.
This article was written in collaboration with Yevhen Parokhod
