Ray Acquires JetCharge, Consolidating Powerbank Sharing in Dubai
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.
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DXB Start·May 15, 2026·1 min read·7 hours ago
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.