ONE MOTO raises six-figure Bridge funding round

UAE: ONE MOTO, a startup that provides electric vehicles for the last-mile and delivery industry, has raised Bridge funding, led by Miray Zaki, Managing Partner of Dismatrix. The round was also crowdfunded through the platform, Eureeca.

ONE MOTO addresses three issues of environment, safety, and profitability. It provides a digitally inter-connected fleet of both private and commercial vehicles, saves the environment from 16,560 tonnes of CO2 per year (from delivery motorcycles in UAE), with operators being able to double their fleet for half the cost of petrol/diesel vehicles. The data provided by the vehicle fleets provide operators and governments with real-time information to streamline their operations and OpEx.

Adam Ridgway, CEO said, “ONE MOTO is more than a provider of sustainable mobility, we are environmentally focused and aligned with the 17 Sustainable Development Goals of the UN. This is an audacious task with a long road ahead, but our vision and team’s dedication will get us there. Customers who purchase the vehicles benefit from the carbon offset, Green PR, and government grants, whereas those who lease the vehicles benefit from the profitability and sustainability.”

ONE MOTO is working closely with various bodies in the UAE to increase the incentives for the adoption of electric vehicles to further enhance a sustainable future for all.