Egypt’s Halan raises multi-million Series A
Source: MENAbytes
Cairo-based Halan has raised a multi-million Series A round from international investor Battery Road Digital Holdings and Egypt’s largest VC Algerba Ventures, and some other strategic investors, the startup has told MENAbytes. The round was closed a few months ago. Halan did not disclose the exact size of investment.
Launched last year, Halan offers ride-hailing and on-demand logistics solutions for the under-served population that is normally not catered by any of the existing tech-driven transportation services in the market. It was founded by Mounir Nakhla and Ahmed Mohsen. Careem’s former regional director Mohamed Aboulnaga joined Halan ten months later as a co-founder and Chief Commercial Officer. The executive team also includes Dina Ghabbour, who was previously with one of Egypt’s largest automotive companies Ghabbour Auto, and now serves Halan as Chief Marketing Officer.
Halan’s fleet consists of two wheelers (motorcycles) and three wheelers, commonly known as Tuk Tuk. Halan’s services are currently available across multiple governorates in Egypt and include ride-hailing through motorcycles and Tuk Tuks, and on-demand delivery solutions including business to business and business to customer deliveries through motorcycles and tricycles.
