Egypt-based ride-hailing and on-demand logistics start-up, Halan has raised a multi-million Series A round. According to MENAbytes, the start-up secured the fund from international investor, Battery Road Digital Holdings, Egypt’s VC, Algerba Ventures, and some other strategic investors.
The round was closed a few months ago but Halan did not disclose the exact size of investment. Halan, which was launched in 2017 by Mounir Nakhla and Ahmed Mohsen has a fleet consisting of two wheelers (motorcycles) and three wheelers, commonly known as Tuk Tuk. Halan’s services are currently available across multiple governorates in Egypt and they include ride-hailing through motorcycles and Tuk Tuks.
See Also: Egypt’s Swvl Secures Undisclosed Series B Round Fund
They also have on-demand delivery solutions including B2B and B2C deliveries through motorcycles and tricycles.
After its initial success in Egypt, Halan has also expanded to Sudan and it plans expansion across different countries in the next one year. They plan to use their latest investment to fuel their expansion and further develop technology.
The company currently has a team of about 70 employees, most of whom are based out of company’s headquarters in Cairo.
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