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Reading: Logistics Startup Wize Raises $16M to Expand Sustainable Delivery in Middle East
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LogisticsStartups

Logistics Startup Wize Raises $16M to Expand Sustainable Delivery in Middle East

Osama Khalid
Last updated: February 12, 2024 1:50 pm
Osama Khalid
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Contents
Wize’s sustainable delivery servicesFunding utilizationRegional investors backing greentech startups and missionsCementing Wize’s position

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.

TAGGED:div5

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