Egyptian entrepreneur Mohamed Aboul Naga announced that ARRW has secured a $4 million investment from "Cheed Misr City." This move aims to support the company's expansion plans and strengthen its presence in Egypt's smart transportation market. Mohamed Aboul Naga stated that the company, which positions itself as Egypt's first licensed ride-sharing platform, is dedicated to developing a technology-driven transportation system that suits the unique character of Egyptian cities. He added that this new investment reflects investors' confidence in the company's vision and the technologies it's developing.
Tags
Related editorial
FreshSource: Egyptian Startup Uses Tech to Streamline Food Supply Chains
FreshSource, founded in Egypt by Farah and Omar Amara, is building a comprehensive system to transform the food supply chain. They go beyond just sourcing and selling produce, integrating storage, packaging, sorting, transport, and distribution, all powered by digital solutions to manage the entire process efficiently.
Khwarizmi Ventures Sees Big Returns with Partial Exit from Bosta, a Logistics Tech Star
Khwarizmi Ventures has successfully completed a partial exit from Bosta, an Egyptian logistics tech company, achieving an impressive net return of nearly 3x its total investment. This move highlights Bosta's incredible journey from an early-stage startup to a market leader during their partnership.
1001 AI: Gulf's $39M Bet on AI to Transform Critical Infrastructure
Meet 1001 AI, a groundbreaking sovereign AI platform that's connecting data and operational systems to supercharge decision-making and efficiency. This innovative company just raised $39 million to help transform critical sectors like airports, ports, energy, and construction across the Gulf region.
UAE FinTech Naran Secures $10 Million to Help Gig Economy Drivers Own Vehicles
Naran, a UAE-based FinTech founded in 2025 by Paiskhalan Alekseev and Alexander Gubarev, has just raised $10 million in new funding. The company offers a unique 'lease-to-own' model, making it easier for ride-sharing and delivery drivers to own cars or motorcycles through flexible contracts lasting one to five years. This funding will fuel their expansion and help more drivers achieve vehicle ownership.