Pole Position is a Middle East-based startup founded in 2019, with headquarters in the United Arab Emirates and incorporated in the British Virgin Islands, Saudi Arabia, and the United Arab Emirates. The company is fully licensed by the Emirates Motorsports Organisation and Saudi Automobile Motorcycle Federation and has ties with the world motorsports federation, the Fédération Internationale de l'Automobile (FIA).
At Pole Position, the focus is on developing motorsports and creating engaging events to attract fans and showcase country talents. The company offers expert consultancy services for comprehensive analysis and insights to maximize investments' impact, with a commitment to promoting grassroots motorsports and creating pathways for aspiring racers in the GCC.
The startup operates within the industries of Education, Entertainment, Sports, Marketing, and eSports, and its most recent milestone includes a $250.00K Debt Financing investment on 01 November 2023.
Pole Position aims to bring world-class motorsports events and IPs to the GCC, offering thrilling experiences and showcasing the best up-and-coming talent in the industry to contribute to a thriving motorsports industry that generates economic and social benefits for the country.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Debt Financing | $250.00K | - | 01 Nov 2023 | |
| Debt Financing | $232.00K | - | 01 Jun 2023 | |
| Debt Financing | $230.00K | - | 02 May 2023 | |
| Pre Seed Round | $50.00K | - | 20 Jun 2021 | |
| Seed Round | $202.00K | 1 | Eureeca | 01 Jan 2021 |
No recent news or press coverage available for Pole Position.
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