$10 million for Neo Mobility to reshape last-mile delivery

Introducing Neo Mobility! This UAE-based start-up is reshaping the UAE's last-mile delivery and mobility sector with its unique EV infrastructure. 

Oh, and need we mention their cool $10 million in seed funding? 💸

• Launched in 2020 by Abhishek Shah and Anish Garg, Neo Mobility is introducing the nation's first long-range electric motorcycle and a fleet of EV cars powered by a rapid DC charging network.

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💰 Investor low-down: The round was led by Delta Corp Holdings, Pyse Sustainability Fund, and several angel investors.

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🔌 Plugging into sustainable logistics

Ever considered the environmental cost of all those motorbikes zipping around? 

In the UAE alone, 90,000 motorbikes result in a whopping 480,600 tonnes of CO2 emissions annually. 

That’s akin to charging 53 billion smartphones or guzzling down 49 million gallons of gasoline.

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🏍 Zero emissions, max impact

Neo Mobility’s all-electric fleet of GSO-certified motorbikes will support food delivery platforms, e-commerce giants, and logistics companies to hit their net-zero goals too. 

Makes mental note to order eco-friendly takeout in the future 🥡 

They’ll also equip riders with smart helmets, telematics, crash detection warnings and even critical illness and injury insurance coverage 👏

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🔄 Lightning pit-stops

Forget hour-long charging – Neo’s smart charging infrastructure will allow for battery swapping stations across the UAE where switch outs will happen in just 60 seconds! 

• Speaking of rapid, Neo’s dashboard offers real-time insights into CO2 emission savings. 
• Drivers will also be able to recharge in less than 30 minutes.

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🚗 A greener tomorrow, today

Neo plans to tap into the ride-hailing sector, and with the capital injection will scale its fleet to 5,000 two-wheeler and four-wheeler Tesla EVs by 2025.

• Neo also plans to enable drivers to go from leasing to owning, turning them into green entrepreneurs.