MILEX CAR RENTAL CO. L.L.C is a Dubai-based company specializing in long-term vehicle rentals for corporate clients and, as part of its expansion strategy, the B2C segment. The company operates in the competitive UAE car rental market, focusing on providing high-quality, well-maintained vehicles for business and individual customers.

Core Business

MILEX sources vehicles through a unique procurement strategy, purchasing high-quality, auctioned cars in the U.S., refurbishing them, and integrating them into its rental fleet. The company currently operates a fleet of 13 vehicles, including SUVs, sedans, and luxury models from BMW, Nissan, Kia, and Audi.

The company’s revenue model is built around long-term rental contracts, ensuring stable cash flow and predictable returns. The company primarily offers rentals for a minimum of two weeks, with options for longer-term leases. Additionally, MILEX provides a range of value-added services, including:

Vehicle cleaning and maintenance
Optional driver service
Rental of child seats, extra luggage compartments, and insurance for extended mileage

Revenue distribution within the company is structured as follows:

93% of revenue comes from vehicle rentals.
7% of revenue is generated from additional services.

The average fleet utilization rate from 2023 to 2025 has been 88.72%, reflecting strong demand and effective fleet management.

Leadership & Expertise

The company is led by Maria Afanasievna Bondareva, an experienced entrepreneur with a background in product management and mobility services. She previously played a key role in developing triumftaxi.com, a ride-hailing service in Bulgaria. Her expertise in transportation and mobility solutions has been instrumental in shaping MILEX’s strategic direction, focusing on fleet efficiency, customer acquisition, and operational scalability.

Highlights

Max target

15,000 USDC

Min target

7,500 USDC

Investors

Interest payments

9 months

Principal repayments

bullet

Total payments

monthly

Risk scoring

Collateral
Company Assets
Total risk score
7/10
Debt to equity
1.09
LTV
56 %
Credit history
7/10

Details

Financial Performance

MILEX CAR RENTAL CO. L.L.C has demonstrated significant revenue growth from 2023 to 2024, with a projected strong performance in 2025. The company’s financials reflect a stable business model, strong fleet utilization rates, and increasing revenue per vehicle. However, the net loss in 2024 was primarily due to a major capital expenditure of €314,815 for fleet expansion. This investment is expected to drive long-term profitability and business scalability.

Note: All 2025 financial projections are based on an extrapolation of current performance trends and do not account for potential revenue growth from fleet expansion beyond the currently planned acquisitions. Similarly, 2023 financial figures have been extrapolated since the company began operations mid-year, ensuring a more accurate year-over-year comparison.

Growth Plan

Strategic Vision for 2025

MILEX CAR RENTAL CO. L.L.C plans to strengthen its position in the B2B segment while entering the B2C market to diversify revenue streams and reduce reliance on corporate clients. The growing car rental demand in Dubai presents an opportunity for increased market penetration.

B2B Expansion: Listing the fleet on aggregator platforms to improve visibility and attract clients beyond referrals. This will expand market reach but may reduce margins due to platform fees.
B2C Entry: Targeting Dubai’s tourism market with short-term rentals that offer higher daily revenue but require increased operational management.

Planned Fleet Expansion

To support growth, the company will acquire 10 additional vehicles to fulfill an expanded contract with EMCO INTERNATIONAL DMCC, covering:

4 Nissan Pathfinder
3 BMW 520i
2 BMW X5 40i
1 BMW X7 50i

This expansion secures an additional €22,008 in monthly revenue, with a 12-month contract offering competitive pricing.

Description of the Loan

MILEX CAR RENTAL CO. L.L.C seeks a €500,000 loan to fund fleet expansion and entry into the B2C market. The loan will be structured over 9 months at a 20.5% annual interest rate.

Funds will be used for the acquisition of:

4 Nissan Pathfinder
3 BMW 520i
2 BMW X5 40i
1 BMW X7 50i
Spare parts and maintenance costs

Loan Collateral

MILEX CAR RENTAL CO. L.L.C offers a combination of existing and newly acquired vehicles as collateral for the €500,000 loan. The primary security consists of the company’s current fleet and additional vehicles to be purchased with loan funds.

Fixed Asset Collateral: Vehicle Fleet

Estimated Value of Existing Fleet: €457,200
Annual Depreciation Rate: 15%
New Vehicles to be Acquired: 10 units
Estimated Value of Newly Acquired Fleet: €430,000 - €450,000
Projected Total Collateral Value: Covers the loan principal

Key facts

MILEX CAR RENTAL CO. L.L.C was founded
Jun 01, 2023
Start of active work/production
Jun 01, 2023
Revenue in 2023
129 605
Revenue in 2024
439 885
Gross Profit in 2023
123 199.09
Gross Profit in 2024
429 463.04

Borrower info

MILEX CAR RENTAL CO. L.L.C

Dubai, Al Mararr, MOAZA KHALFAN BLDG, 000000

Reg No.1192624

Market description & size

Regional Market Overview

The UAE car rental market, valued at $1.8 billion in 2023, is projected to grow at 7.5% CAGR through 2030. Growth is driven by rising tourism, corporate leasing, and a shift toward subscription-based rentals. Demand for premium vehicles is also increasing.

UAE Market Overview

Dubai’s rental market is highly competitive, with major international and local players. Key factors shaping the industry:

Strong competition with large fleets and aggressive pricing.
High tourist demand, though corporate and long-term rentals are expanding.

MILEX CAR RENTAL CO. L.L.C specializes in long-term B2B rentals, ensuring stable revenue and predictable cash flow, reducing exposure to seasonal fluctuations.

Key Clients

MILEX CAR RENTAL CO. L.L.C maintains corporate partnerships ensuring steady demand:

Green Stone Landscaping L.L.C
Green Cello Packing Materials Trading L.L.C
Alsa Solar Systems LLC
EMCO INTERNATIONAL DMCC
MAKIN TECHNOLOGY SOLUTIONS L.L.C

These contracts support consistent revenue and high fleet utilization in a competitive market.