Tech Company Financing Transactions
E Daddy Funding Round
Private investors joined a $15 million venture round for E Daddy. The funding round closed on 8/27/2024.
Transaction Overview
Company Name
Announced On
8/27/2024
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Undisclosed
Investors
private investors (Kabeen Khader)
private investors (Kabeer Khader)
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
The Opal Towers, Marasi Drive, Business Bay 1101
Dubai, Undisclosed
United Arab Emirates
Dubai, Undisclosed
United Arab Emirates
Phone
Website
Email Address
Overview
E Daddy is a pioneering solution and manufacturer for sustainable urban mobility headquartered in Dubai. As the first company to manufacture vehicles entirely in the UAE, they are committed to revolutionizing the electric vehicle landscape. The state-of-the-art facility will launch its all-electric motorcycle in Q12025, designed to produce zero emission sand save 0.6 million tons of carbon emissions annually. With plans to expand across the GCC and Africa, E Daddy is dedicated to advancing green mobility and supporting a sustainable future.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mansoor Ali Buhari
Chief Operating Officer
Yasmeen Ali
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Next: 8/27/2024: Jobilla venture capital transaction
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Where The Data Comes From
We do our best to document tech company VC transactions. VC investment data records reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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