Wize, a Dubai-based startup providing sustainable solutions for last-mile delivery, has raised $16 million in a pre-Seed funding round co-led by Mena-focused angel investors.
The funds will be spent to enhance the company’s presence in the United Arab Emirates (UAE) market, further product development and explore new partnership opportunities in the Middle East and North Africa (MENA) market, Wize said in statement on Wednesday.
“The UAE’s Green Agenda 2030 actively encourages businesses to pursue more sustainable growth,
“We are proud to offer an innovative full-service solution that empowers retailers and delivery companies to progress toward achieving net-zero emissions and significantly reduce their carbon footprint,” said Alexander Lemzakov, Co-Founder and Chief Executive Officer of Wize.
The company has already signed a long-term partnership with Motoboy, the UAE’s first sustainable logistics firm, with a long-term goal of achieving zero-carbon emissions through the exclusive use of electric bikes.
It will enable Wize to manage all steps of motorcycle usage and understand the needs of potential clients and delivery companies.
Wize is a firm develops a comprehensive ecosystem to help delivery and retail businesses meet the UAE’s net zero requirements and follow the UAE Green Agenda.
Several services are included in the Wize ecosystem, such as electric motorcycles, Wize rental and subscription platform for business owners to manage their fleets 24/7, battery-as-a-service and swapping stations as well as software components.
The company offers subscription-based electric motorcycles, enhancing the sustainability of delivery operations in the UAE.
All comply with UAE regulations for courier transport, including the delivery box, which is standardized to Roads and Transport Authority (RTA) requirements.
Using electric motorcycles, businesses reduce transportation costs by up to 30 per cent per month.
Meanwhile, Wize Rental and Subscription Online Platform for business owners allows them to improve their bottom line and contribute to environmental sustainability.
Through this platform, clients can manage their fleets 24/7 from anywhere. The platform gathers data on driver behavior, location, speed, and charge levels of the connected vehicles.
Furthermore, Wize’s platform can be adopted as a white-label solution by any logistics company that wants to rent out its vehicles.
The batteries are adapted to the UAE weather conditions and are frequently used in deliveries.
Battery Swap App allows drivers to search and reserve batteries in advance and stay informed about battery charge levels.
Wize is also focused on the software component of the battery-as-a-service.
The company has its own software that allows it to manage battery swapping stations and monitor the condition of all batteries.
It developed the UAE-first software that is fully compliant with local laws, and all data is located in the UAE.
Cited the World Economic Forum, Wize said the number of delivery vehicles in the largest 100 cities of the world will increase by 36 percent until 2030, and carbon emissions from delivery traffic will increase by 32 percent, causing another 6 million tons of carbon dioxide.
It said real change toward a more sustainable last mile takes coordination and collaboration across the ecosystem.