E-scooter operator Fenix launches Bahrain service amid GCC expansion
E-scooter operator Fenix launches Bahrain service amid GCC expansion
A micromobility operator, set up by former colleagues at Dubai-based ride-hailing app Careem, has launched services in Bahrain after securing a further $1.2 million seed funding recently.
E-scooter operator Fenix said it has become the first to be licensed in Bahrain following a decree by the Ministry of Transportation and Telecommunications (MTT) to initiate shared micromobility services in the country.
Fenix attracts a further $1.2m seed funding led by UAE and Saudi-based investors
Fenix said it has commenced operations at The Avenues - Bahrain, in partnership with Mabanee Bahrain, with plans to expand to other communities in a phased roll out.
Last week, the company said it had completed its $5 million seed round of funding with a second close led by Emkan Capital and Panthera Capital Ventures.
Jaideep Dhanoa, co-founder and CEO of Fenix said: “Countries and governments across the world are quickly realising the economic and human benefits of micromobility, reducing mobility friction to unleash our collective urban potential.
"The kingdom of Bahrain has a pronounced need for micromobility, given the dense population and growing congestion. The country has created an attractive platform for micromobility investment via progressive regulatory policies, a phased infrastructure development plan, and a strong public-private partnership approach. We are proud