KOI Technologies (doing business as KOI Ride) is a Dubai-based technology company that operates a B2B platform for ground transportation and airport transfer services.[1][2] The company provides booking integrations and managed transfer services that connect online travel agencies, tour operators and booking portals with licensed local transport providers in multiple international destinations.[3][4]
KOI was founded in Dubai in 2015 by Riyaz Alambath and Ghassan Muradwij.[5][6][7]
The company initially operated as a consumer-facing ride-hailing app but later pivoted toward a business-to-business model focused on premium transfers and limousine services for the travel industry.[8]
In June 2022 KOI announced that it had completed an equity raise of 11 million dirhams (approximately US$3 million) and issued convertible bonds worth US$15 million. The financing was intended to support international expansion, with reported anchor participation from a Swiss private bank and regional investors.[9][10]
Business model and services
KOI operates as a technology and operations provider for ground transport. Its platform offers reservation and dispatch integration for online travel agencies and resellers, a booking portal for retail customers, and operational tools for driver and fleet partners.[4][11]
The company provides airport meet-and-greet services, private sedan and SUV transfers, and chauffeur/limousine products. It is listed as a supplier on travel marketplaces and activity platforms including GetYourGuide.[4]
Operations and headquarters
KOI is headquartered in Dubai Silicon Oasis, United Arab Emirates, and is listed in regional business directories and mapping services.[12]
The company has reported operations or service availability in cities including Dubai, London, Istanbul, and tourist destinations across Europe and the Middle East.[3]
Reception
KOI's strategic pivot from consumer ride-hailing to B2B transfers attracted coverage in Arabian Business and other regional outlets, which highlighted the move as a way to compete in a sector dominated by larger ride-hailing firms by focusing on the travel industry.[6]
Its June 2022 financing round was widely reported by Wamda, Arab News, Zawya, and WAYA.[5][9]
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