Sustainable mobility start-up E Daddy has announced that it has secured USD 15 million (approximately AED 55 million) in investment.
“We envision a world where clean, sustainable energy is not a luxury but a readily accessible necessity for all,” commented Yasmeen Jawahar Ali, Co-Founder and COO of E Daddy, noting that the investment of USD 15 million will help to build towards that goal.
The company, headquartered in Dubai, UAE, is set to launch its electric motorcycle in Q1 2025, it shared.
According to E Daddy, its electric vehicles include self-diagnostic techniques and battery technology featuring a double-layer cooling system, aimed at providing optimal battery performance, including in peak temperatures nearing 50°C.
“We are proud to be the first company to manufacture vehicles end-to-end in Dubai, and are committed to championing the development of eco-friendly automobiles while serving the UAE in its endeavour to create a more sustainable future,” said Mansoor Ali Khan Abdul Buhari, Founder and CEO of E Daddy.
Adding: “Our electric two-wheelers are designed with the specific requirements of the UAE in mind, from temperature control to reducing emissions and enhancing the safety of last-mile delivery drivers.”
The mobility start-up noted that it intends to serve the GCC countries and the African continent from its UAE facility hub.