Moroccan electric mobility startup GoSwap has secured its first seed funding round from Azur Innovation Fund.
GoSwap is building a battery-as-a-service (BaaS) model designed to address two of the biggest barriers to electric vehicle (EV) adoption, high upfront costs and range anxiety.
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GoSwap makes it possible for users to buy a battery-free electric scooter and access power through GoSwap’s network of smart swapping stations. Riders can exchange depleted batteries for fully charged ones in under 10 seconds. This eliminates charging delays and downtime.
The startup says it already has 20 connected battery swap stations across Casablanca.
The company plans to use the new funding to expand its footprint within Casablanca and enter new cities such as Marrakech. It is also working to improve compatibility across multiple electric vehicle models.
GoSwap has revealed that it is now targeting to raise more capital exceeding $2 million. It plans to use this to support its next phase of growth and regional expansion.
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