$16 million for Wize to deliver eco-friendly last-mile transport solutions

Introducing Wize, the UAE-based startup providing sustainable transport solutions for last-mile delivery.

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Drumroll, please 🥁... they just secured $16 million in pre-seed funding.

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• Founded in 2022 by Alexander Lemzakov, Wize is pioneering sustainable delivery with electric motorcycles and a service platform for businesses to manage their fleets. 

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💰 Investor low-down: The funding round was led by a group of unnamed MENA-focused angel investors.

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📦 What’s the eco-cost of a delivery anyway?

There has never been a time of greater demand for last-mile transport.

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(Honestly, if you’re not on a first name basis with your delivery driver at this stage, we cannot relate  👀)

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The World Economic Forum reports that by 2030, the count of delivery vehicles in the top 100 global cities is expected to surge by 36%.

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This is eyebrow-raising, as it means there's potential for over a 32% increase in carbon emissions without effective changes.

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😏 Look who’s the Wize guy now

But luckily Lemzakov and Co.  believe they can help.

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Wize offers two primary services:

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1. Subscription-based electric motorcycles for sustainable delivery.

We’re talking a range of electric motorcycles named swift, rapid, and speedy to suit various business needs and budgets 👇

Each one complies with UAE courier transport regulations, including RTA-standard delivery boxes, and could cut transportation costs for businesses by up to 30% monthly. Very nice.

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2. A rental and subs platform for business owners to enable more efficient management.

Includes access to fleet data 24/7, including driver behaviour, location, speed, and vehicle charge levels. 

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🔋 Say goodbye to long charging times

Wize have also rolled out the UAE's first battery-swap stations, making it super easy for drivers to switch batteries.

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You can book in advance and keep an eye on your charge with their Battery Swap App – making deliveries far more efficient.

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Plus, they also focus on the software for managing these stations and battery conditions, ensuring everything complies with UAE laws and local data storage.

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🔮 Flashforward

With this fresh funding, Wize is planning to expand its operations in the UAE. They've recently teamed up with Motoboy, the UAE's first sustainable logistics company, for the long haul. And they're eyeing more new partners across the MENA region too.