# Fenix Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fenix-technologies

- Industry: Software
- Headquarters: Abu Dhabi, United Arab Emirates
- Website: www.fenix.life
- Total disclosed funding: $5M
- Latest round: Seed (Feb 24, 2021)
- Investors on record: 3

## About

Based in Abu Dhabi, United Arab Emirates, and founded in 2020, Fenix Technologies Limited doing business as Fenix Scooters is a micro-mobility operator company. Jaideep Dhanoa (CEO) and IQ Sayed are founders of the company. In February 2021, Fenix Technologies Limited raised USD 1.2 million in Seed funding co-led by new investors Emkan Capital and Panthera Capital Group.

The company offers a subscription service for electric scooters. The company provides Fenix mobile app for users, which can be used to locate the available scooters in the locality, scan the QR code on the handlebar to unlock the scooter, and use it. The company offers scooters in 3 color variants: spirit, bumblebee, and fireball. The company also provides an option for a personal scooter subscription.

The company generates revenue by charging for the subscription.

As of February 2021, the company will use the seed funding investment (USD 1.2 million) to boost its research and development, in order to address market needs and continue its expansion plans in the GCC. The funding will also support FENIX’s goals to become the first national micro-mobility operator in all seven Emirates in the UAE in 2021 and the first Pan-GCC operator by 2022.

## Funding rounds

- Seed, Feb 24, 2021, $1.2M — Panthera Capital Investments, Emkan Capital
- Seed, Nov 17, 2020, $3.8M — Maniv Mobility

## Investors

- Maniv Mobility (https://capitalatlas.ai/funds/maniv-mobility) — Seed
- Panthera Capital Investments (https://capitalatlas.ai/funds/panthera-capital-investments) — Seed
- Emkan Capital (https://capitalatlas.ai/funds/emkan-capital) — Seed