Gazal, a Saudi Arabia-based
micromobility startup, has raised $2 million in a seed funding round led by
angel investors and family offices.
Founded in 2020, Gazal offers
dockless bikes and e-scooters in cities around Saudi Arabia with the goal of
reducing congestion, noise and pollution.
“Enhancing the quality of life and
helping to make streets full of people rather than cars is a top priority to
Gazal,” says Haytham Alsuhaimi, co-founder of Gazal.
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“As urban populations are growing
in our cities, we at Gazal are bringing new solutions for moving people in
cities.”
The startup plans to use the
funding to expand its services throughout Saudi Arabia and then the broader
region.
“With the
increasing numbers of vehicles on the roads, our busy city centers are
frequently congested with commuters fighting for limited parking spaces and
instead of enjoying the journey it becomes incredibly stressful,” says Ibrahim
Almuhanna, an investor in this round.
“The intersection of technology
innovations such as mobility, connectivity and automation with business model
innovations such as shared mobility is fundamentally changing the way how
people move.”
The new
funding brings the company’s valuation to $6 million.