Dubai-based logistics startup Wize has secured a $16 million pre-seed round to expand its sustainable delivery services across the Middle East and North Africa (MENA).
Wize’s sustainable delivery services
Wize offers electric motorcycles, battery swapping stations, and software tools to enable emission-free delivery operations.
Wize claims to be the first company to install battery swap stations in the UAE. It has partnered with sustainable delivery firms like Motoboy.
Funding utilization
The funding will support growing Wize’s network in the UAE, advancing its product suite, and forming new partnerships in MENA.
Regional investors backing greentech startups and missions
The raise comes as regional investors increasingly back greentech startups providing climate solutions.
Wize aims to empower retailers and delivery companies to meet net zero emissions targets through its tech-driven sustainable logistics platform.
Cementing Wize’s position
The capital injection will aid Wize in cementing its position as a leading eco-friendly logistics enabler in the Middle East.
