•  UAE-based electric mobility startup and last-mile delivery services provider One Moto, has raised $150 million from an undisclosed investor in the UK.
• The recent round of financing will be utilised to expand the company’s operations in the UK to help tackle the decarbonisation challenge from the last-mile delivery industry.
• One Moto launched in the UAE in 2019 and has a presence in China, Sri Lanka, Ethiopia and Nepal. 
• The startup looks to become a one-stop platform for EV multi purpose vehicles aimed at last-mile deliveries.

Press release 

ONE MOTO, an impact-driven, multi-award-winning EV player which is building a HardTech meets FinTech EV ecosystem with presence across five continents, has secured £123,000,000 to finance vehicles across the United Kingdom (UK) and pioneer the decarbonisation of the country’s last-mile, delivery and gig economy industry.

Signing the unprecedented deal with a leading financier in London, ONE MOTO is offering finance to fleet operators to expand an electric delivery fleet from just £3 per day. With a vision to electrify all last-mile vehicles in the UK by 2026, the fininancing from ONE MOTO will ensure the reduction in 168,000 tonnes of CO2 each year as well as 50% drop in production of harmful pollutants as a result of petrol vehicles. Once contracts for the 44,500 vehicles in discussion are confirmed, both teams will work towards driving awareness of the benefits, as well as increasing their online and offline distribution channels. 

Adam Ridgway, CEO, ONE MOTO Technologies commented, “This is a monumental milestone for our expansion road map pan-Europe. With the support of the finance deal, we expect to deploy up to 30,000 across the UK in H1 2023. This harnesses our conversations with UK Trade & Investment (UKTI) to open the first European assembly plant. ONE MOTO is supporting leading last-mile food delivery platforms, independent outlets and enhancing the rider welfare through data-rich AI to optimise routes, zones and pay.”

“Early movers will always have the advantage, but the ‘decision’ to make the commitment first isn’t always forthcoming when considering the environment, yet. However, all operators are looking at the commercial viability and when backed up with big data. We’ve proven a faster path to profitability,” concluded Ridgway.

“We have spoken to many leading delivery operators who needed a cost-effective, sustainable option and, after many trials, we have secured roll out plans with several leaders. Replacing a traditional petrol fleet should not happen overnight; to be highly effective it requires operational management to transition.  It is not just about the vehicles, it also includes the ancillary services to capture market dominance. Battery As A Service, supporting battery swaps allowing riders to work undisturbed by downtime, the SaaS FinTech solution, ensures a data rich AI backed cloud system to optimise fleet and rider management. We have taken our time to capture and analyse the data and demonstrate the vast economical and environmental savings,” Mark Harman, Director, ONE MOTO added.

Specialising in last mile electric vehicles for commercial and private use, ONE MOTO Technologies is headquartered in London, UK, while the global HQ in DIFC, Dubai, UAE was launched in December 2019. ONE MOTO Technologies is  also joining forces with  AVIS, and is in conversations to build the UAE’s first EV manufacturing facility, breaking ground Q4 2022. 

Ridgway continues, “The announcement of Operation $300bn and the national drive to create international export through manufacturing and production is crucial to the growth of any economy, and the UAE has created the perfect opportunity to create lasting change in the sustainability and transport market.  Through like-minded public and private sector collaborations, we are able to achieve new breakthroughs and contribute positively towards the UAE economy. 

Following the announcement at ADIPEC 2022, Her Excellency Sarah AlAmiri confirmed ONE MOTO is one of the first 13 projects supported by the Ministry of Industry of Advanced Technology (MOIAT). “At the Ministry of Industry and Advanced Technology, we have a clear roadmap for the next 10 years. It is a decade in which the UAE will further enhance its position as a global hub for science, technology, and innovation, in line with our leadership’s vision. Our partners are key to this journey and we are committed to exploring collaborations with all companies that seek to join the UAE in its bold technological and industrial transformation.” The initiative was announced in October by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai,

Every ONE MOTO vehicle is pre-built with a complete telematics and fleet management software solution, with a FinTech offering. It allows riders and owners to optimise routes through AI, increase the safety and welfare of riders, and ensure its customers’ sustainable values are met at all times.