Tech Company Financing Transactions
Rabbit Mobility Funding Round
Rabbit Mobility, based in Maadi Cairo, raised $1.3 million in investment from 500 Global, Untapped Global and private investors.
Transaction Overview
Company Name
Announced On
10/16/2024
Transaction Type
Venture Equity
Amount
$1,300,000
Round
Undisclosed
Investors
500 Global (Lead Investor) (Amal Dokhan)
Untapped Global (Lead Investor) (David Kleiterp)
Proceeds Purpose
This funding will fuel Rabbit's rapid growth and expansion plans across Egypt and other North African markets.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
10 Street 267
Maadi Cairo, Undisclosed
Egypt
Maadi Cairo, Undisclosed
Egypt
Phone
Undisclosed
Website
Email Address
Overview
Rabbit is a micro-mobility sharing platform for short-distance transportation using environmentally friendly vehicles. Our fleet currently includes standing electric scooters and electric bikes. The way it works is via mobile app. We offer the traditional "Unlock & Go" model , and we also pioneered the "Day Rentals" model where users can request a vehicle to rent for a minimum of 2 days which we deliver to their location in less than 24 hours. In addition, we partner with cities and real estate developers to operate in their selected areas.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kamal ElSoueni
Chief Operating Officer
Mohamed Mansoury
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We do our best to document funding rounds that are announced publicly. VC investment data records on this site are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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