Greentech mobility startup Wize secures $16M to expand in MENA

Dubai's innovative startup, Wize, recently secured a remarkable $16M. This injection of capital, co-led by a group of angel investors who are keenly interested in the Middle East and North Africa (MENA) region, provides Wize with the means to scale its operations across the United Arab Emirates.

• Market Expansion: With this new influx of capital, Wize plans to bolster its market presence within the UAE.

• Product Development: The investment will also fuel the development of new offerings, positioning the company to stay ahead of the curve in a rapidly evolving industry.

• New Partnerships: Wize is actively exploring potential partnerships to expand its reach and impact.

• Existing Partners: The company has already established a successful partnership with Motoboy, working towards the shared goal of zero-carbon emissions through the use of electric bikes. This strategic alliance allows Wize to control motorcycle usage and gain insights into customer requirements, thereby enhancing its capability to address the region's transportation needs.

Wize's CEO, Alexander Lemzakov, expressed pride in Wize's ability to provide a comprehensive solution that aids retailers and delivery companies in reducing their carbon footprint and moving towards net-zero emissions.