Tayar

Overview

Tayar is an Egyptian electric Fleet-as-a-Service platform that supplies electric bikes and riders for last-mile delivery. Delivery apps and couriers need cheap, reliable bikes, and petrol costs eat into riders' earnings. Tayar bundles electric two-wheelers, access to battery-swapping stations, fleet-management software and rider financing, which the company says cuts running costs by 55-82% compared with petrol bikes. It reports more than 900,000 completed orders with partners including Talabat, Amazon and Keeta, and Talabat named it a Top Fleet Partner.

The pitch

Abanoub Ramzy pitched Tayar's electric delivery-fleet model and asked for EGP 15M for 8% of the company. He pointed to its cost savings for riders and its order volume with major delivery apps. The sharks questioned the implied EGP 180M valuation, which became the main obstacle. No public source confirms the outcome yet.

Services & products

• Electric delivery fleetElectric two-wheelers and riders supplied to delivery platforms for last-mile orders.
• Battery swapping accessRiders swap depleted batteries at partner swap stations instead of waiting to charge.
• Fleet management softwareSoftware to track and run electric delivery fleets and their daily operations.
• Rider financingFinancial services that help delivery riders get onto electric bikes affordably.

Team

• ARAbanoub RamzyFounder

After the show

No sourced news since the episode. Know something? Add it with a source.