Dubai-based powerbank-sharing startup Ray acquired competitor JetCharge, expanding its network to over 250 locations across the UAE. This move strengthens Ray's market position following a recent $1.2 million seed round.
Ray, a powerbank-sharing service headquartered in Dubai, has acquired its rival, JetCharge. This acquisition significantly boosts Ray's operational footprint, increasing its network to more than 250 locations throughout the UAE.
The consolidation reinforces Ray's dominance in the local powerbank-sharing sector. This strategic growth follows Ray's recent $1.2 million seed funding round, enabling further expansion and market control.
Ray is Tap-to-pay powerbank sharing across the UAE and GCC, based in Dubai, founded in 2025, operates in the On-Demand Services sector.
Ray has raised $1.2M in disclosed funding to date according to the DXBStart company directory. Its most recent disclosed stage is Seed ($1.2M, Apr 2026).
The DXBStart company profile at dxbstart.com/company/ray aggregates every news story DXBStart has indexed about Ray, along with funding history, stage, status, and company details.
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