Morocco’s GoSwap receives funding to hasten the rollout of electric vehicles
GoSwap, a Moroccan startup that specializes in automated battery swapping solutions for electric scooters, has announced that it has received its first round of funding from the Azur Innovation Fund to hasten the country’s transition to electric mobility.
GoSwap, an automated battery swapping system for electric motorcycles, was founded by Hamza Slimani and is promoting urban electric mobility. In less than ten seconds, a discharged battery can be replaced with a fully charged one thanks to its network of interconnected swap stations.
GoSwap will be able to expedite the deployment of its network of battery swap points in Casablanca, where 20 swap cabinets are currently in use at CashPlus stores, Petrom, and Shell stations, thanks to the investment from the Azur Innovation Fund. Additionally, it is anticipated to facilitate the network’s extension to additional Kingdom cities and the incorporation of new electric motorcycle models that are compatible with the GoSwap solution.
“The entry of the Azur Innovation Fund is a key moment for GoSwap. Our ambition is to make electric mobility accessible to all by reducing the cost of acquiring and using electric motorcycles while increasing their range. As traffic and transportation costs have become major issues, offering an economical and reliable solution is becoming essential to contribute to cleaner cities,” Slimani said.
With tens of millions of two-wheelers on the continent, electrifying these users poses a significant challenge for African cities, according to Adnane Filali, managing partner at Azur Innovation Management.
“GoSwap provides a particularly relevant answer, because it is not limited to one vehicle, it offers a complete battery swapping service, capable of supporting both urban mobility and new uses related to digital commerce and delivery. It is this ability to meet economic, operational and environmental needs that we have chosen to support,” he said.
