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Wize
Wize offers sustainable, cost-effective electric motorcycles featuring rapid battery-swapping technology to cut costs and reduce carbon emissions
About Wize
Wize-EV (wize-ev.com) is a cutting-edge technology startup that specializes in providing an intelligent IT platform for businesses in the electric vehicle (EV) rental and subscription market. The company leverages advanced machine learning algorithms to streamline the customer onboarding process, ensuring that each applicant is a legitimate and verified individual. This automated verification process helps businesses reduce fraud and improve operational efficiency.
Wize-EV serves a diverse range of clients, including car rental companies, fleet managers, and EV subscription services. The platform is designed to optimize business workflows, reduce costs, and increase revenue by offering a seamless user experience. With a high conversion rate of 35% to 75% for initial payments, Wize-EV ensures that businesses can quickly and effectively onboard new customers.
The company operates in the rapidly growing electric vehicle market, which is driven by increasing environmental concerns and a shift towards sustainable transportation solutions. Wize-EV's business model revolves around providing a subscription-based software platform that integrates various services such as traffic fines management, toll road services, telematics, and more. By offering these integrated solutions, Wize-EV helps businesses manage their fleets more efficiently and reduce operational risks.
Wize-EV makes money through subscription fees for its platform, as well as additional charges for premium features and services. The platform's comprehensive suite of tools includes customer request management, subscription management, connected car services, and billing solutions. These features enable businesses to manage their fleets, track vehicle usage, and generate invoices with ease.
In summary, Wize-EV is a sophisticated IT platform that empowers businesses in the EV rental and subscription market to optimize their operations, reduce costs, and increase revenue through advanced technology and seamless integrations.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2021
- Headquarters
- Dubai, United Arab Emirates
- Employees
- 11
- Open positions
- None listed
- Dealroom signal
- 66.6/100
- Industry
- Transportation
- Sub-industry
- Mobility, Search, Buy & Rent
- Sector
- Transportation, E-Scooters, Micromobility, Electric Mobility
- Business model
- SaaS
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SEED✓Equity / VC | Nov 2023 | $16M | $64M | Undisclosed | ↗ |
Growth signals
Latest recorded traffic for Wize is 1.4K monthly website visits, down 6.7% over the last three months. Wize's team declined 8.3% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Wize on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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