Powerbank Sharing Startup Ray Raises $1.2M Seed Round
Dubai-based startup Ray secured $1.2 million in seed funding to launch its powerbank-sharing service in Dubai. This investment will enable the company's expansion across the GCC.
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DXB Start·April 24, 2026·1 min read·3 hours ago
Ray, a Dubai-based startup, has successfully closed a $1.2 million seed funding round. The capital will be used to officially launch its powerbank-sharing service within Dubai.
The company plans to use this investment to scale its operations across the broader GCC region. This funding highlights investor confidence in the region's burgeoning on-demand services market.