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Wize

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Wize offers sustainable, cost-effective electric motorcycles featuring rapid battery-swapping technology to cut costs and reduce carbon emissions

Dubai, United Arab EmiratesFounded 2021Transportation
Valuation $50–100M Last recorded · 2023
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Wize and the history behind them.

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 data

At 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

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SEED✓Equity / VC Nov 2023 $16M $64M Undisclosed ↗
Showing the latest 1 of 1 recorded eventsBook a demo for the full funding history →

Growth signals

Wize website traffic

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.

Latest monthly visits1.4K 3-month web change-6.7% 1-year team growth-8.3%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇦🇪 United Arab Emirates80%
🇷🇺 Russia20%
2 countries shown

Market sentiment

Posts on X, past 7 days

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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