Ray Secures $1.2M Seed Round to Launch Powerbank Sharing in Dubai
Dubai-based Ray has raised $1.2 million in seed funding to launch its powerbank-sharing service in the city and expand across the GCC. This investment enables a new mobility solution in the region.
Ray, a new powerbank-sharing startup, has successfully closed a $1.2 million seed funding round. The company plans to utilize this capital to officially launch its network of shared powerbanks in Dubai.
The funding will support Ray's ambitious expansion strategy, aiming to scale its operations beyond Dubai into other key markets across the UAE and the wider GCC region. This move addresses the growing demand for convenient on-the-go charging solutions for mobile devices.
The launch introduces a new player into Dubai's evolving urban tech landscape, providing a practical service for residents and tourists alike.