Terra provides a battery-swapping and recharging platform plus a range of electric motorbikes aimed at optimising last-mile delivery and promoting sustainability. The company launched its first fleet after completing a pre-Seed round and has entered a revenue generation stage. Terra plans product upgrades, sourcing its next batch of motorbikes, and patenting its design and technological processes. It also intends to expand an extensive network of swapping stations across the UAE and improve its rider mobile app and cloud fleet-management dashboard. Operational progress includes establishing the MENA region’s inaugural swapping station with legal approvals, issuing its first number plate, completing legal registrations for its motorbikes, launching its mobile app and dashboard, and recruiting over 30 employees.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2023