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3 Latest Announced Rounds

$1,325.73M Raised in 74 Funding Rounds in the past 7 Days - View All

Funding Round Profile

Neo Mobility

start up
United Arab Emirates - Dubai
  • 26/10/2023
  • Seed
  • $10,000,000

Neo is revolutionising the last mile delivery and mobility in UAE through captive EV infrastructure. Neo is rolling out UAE's first high speed electric motor cycles which are approved by RTA and MOIAT and are GSO certified. The two wheeler fleet is powered by a battery swapping network by which the captains can change batteries under 60 seconds and be on the go always.

Neo's mobility side include fleet of EV cars which are powered by captive EV charging infrastructure. Neo mobility fleet is powered by super fast DC chargers where the car can be charged in less than 20 minutes and be on the go.

In future, Neo intends to roll out the four wheeler delivery fleet with larger payload and other suitable products.

Neo is committed to help UAE's leading food aggregators, e-commerce and logistics firms in decarbonising their fleet and assist in attaining their sustainability goals.

Neo is also committed to UAE's vision of net zero and pledge for initiatives under COP28.


Related People

Abhishek ShahCo Founder

Abhishek Shah United Kingdom - Dubai

Strategy professional with extensive experience in Corporate Strategy, M&A, Capital Markets, Financial functions, E Commerce, technology and Business Operations. With close to seven years of cross domain experience, I am well equipped to deal with complex and real business issues.

My forte lies in design and implementation of strategic initiatives, deal making and closures, business planning, business process re-engineering and organizational transformation.

Work which entails a clear ownership of business with on-the-ground execution and interaction with various stakeholders excites me the most !