UAE-based E Daddy secures $15mn funding

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GHADA.ISMAIL
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Aug 20, 2024
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Dubai – Sharikat Mubasher: E Daddy, an innovative solution for sustainable urban mobility announced raising a $15 million (approximately AED 55 million) investment, priming them to lead the charge in transforming the UAE’s electric vehicle landscape with its headquarters in Dubai.

The company is set to launch its purely electric motorcycle in Q1 2025, designed to produce zero emissions at the tail end, according to a recent press release.

This innovative vehicle is projected to save 0.6 million tons of carbon emissions annually, aligning with the Dubai government’s clean environment strategy, and supporting a more sustainable future.

Commenting on this, Mansoor Ali Khan Abdul Buhari, Founder & CEO of E Daddy stated: “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 endeavor to create a more sustainable future. 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.”

E Daddy's innovative approach integrates cutting-edge methods into its electric vehicles, including self-diagnostic techniques and unique battery technology featuring a double-layer cooling system. These advancements ensure optimal battery performance, even during peak temperatures nearing 50°C, setting E Daddy apart and positioning the company at the forefront of the mobility sector's technological evolution.

Yasmeen Jawahar Ali, Co-Founder and COO of E Daddy, added: “With the investment of USD 15 million our vision of building a future where transportation is eco-friendly, efficient and within reach for everyone is within reach. We envision a world where clean, sustainable energy is not a luxury but a readily accessible necessity for all”.

With plans to expand its reach, E Daddy intends to serve the GCC countries and the African continent from its UAE facility hub, further solidifying its role in the global movement toward sustainable urban mobility.


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