Egypt’s Rabbit Mobility Secures USD 1.3 M

Egypt-based micro-mobility startup Rabbit Mobility has raised USD 1.3 M in a funding round led by 500 Global and Untapped Global. A group of local and international angel investors participated in the round. The investment will support Rabbit’s expansion efforts across Egypt and other North African markets.

Founded in 2020 by Kamal ElSoueni, Mohamed Mansoury, and Bassem Magued, Rabbit Mobility offers eco-friendly urban transportation through a fleet of electric scooters and bikes. The micro-mobility sharing platform allows users to easily access short-distance transportation via a mobile app, providing a clean and convenient solution for urban commuters.