NEO is a B2B startup providing electric mobility solutions across the MENA region through an EV as a Service platform. The company offers integrated ecosystems covering EV fleets, charging infrastructure, technology, and driver support for logistics and taxi mobility sectors. This service accelerates sustainable fleet electrification for businesses and empowers driver entrepreneurs.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Last-mile delivery and logistics companies in the UAE face challenges related to vehicle range limitations, long charging times, and the need to reduce carbon emissions. Traditional gasoline-powered vehicles contribute to air pollution, while the limited availability of charging infrastructure for electric vehicles creates operational bottlenecks.
Solution
Neo provides electric vehicle fleets and supporting infrastructure to decarbonize last-mile logistics and mobility. The company offers high-speed electric motorcycles and cars, along with a network of battery swapping and charging stations. The battery swapping network allows riders to replace depleted batteries in under 60 seconds, while the charging stations can charge vehicles to 80% in less than 30 minutes. This infrastructure eliminates range anxiety and reduces downtime, enabling food aggregators, e-commerce businesses, and logistics firms to transition to electric vehicles.
Target Audience
Neo's primary customers are food aggregators, e-commerce companies, and logistics firms in the UAE seeking to reduce their carbon footprint and improve operational efficiency through electric vehicle fleets.
Features
- High-speed electric motorcycles with a range of up to 150km and swappable batteries.
- Electric cars with a range of up to 550km and rapid charging capabilities.
- Battery swapping stations that enable battery replacement in under 60 seconds.
- Charging stations with supercharging capacity, charging batteries from 0-80% in less than 30 minutes.
- Mobile app for riders to locate battery swapping and charging stations.
- Weatherproof battery swapping stations.
- LCD display on motorcycles with high-temperature endurance.