SOCAR, one of the vehicle rental services offered in Malaysia, has now announced that they will terminate and completely stop the service effective August 31, 2026. The reason behind this termination was not stated.
In line with this, SOCAR asked users who still have balances in the application's digital wallet to contact them to get their money back.
Despite SOCAR being terminated, TREVO is seen to still be operating as usual. SOCAR Malaysia launched TREVO in 2020. Unlike SOCAR which offers vehicles managed by the platform, TREVO relies on a P2P-based service, where other users rent out vehicles to users who want them.
SOCAR previously officially started operations in Malaysia since 2018.
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BUSINESS & MONEY
