Egypt-based Rabbit Mobility, a micromobility startup, is set for rapid expansion after securing $1.3 million in investment to grow its fleet of electric scooters. Founded in 2020 by Kamal ElSoueni, Mohamed Mansoury, and Bassem Magued, Rabbit Mobility has already enabled over 450,000 users to complete more than a million rides across Egypt, offering a clean and convenient way to navigate urban areas.
The investment round, led by 500 Global and Untapped Global, also includes contributions from angel investors who share Rabbit’s vision for sustainable urban mobility. “We are thrilled to welcome 500 Global, Untapped Global, and our angel investors to the Rabbit Mobility family,” said CEO ElSoueni. “This funding will empower us to expand our fleet, refine our user experience, and make micromobility more accessible across Egypt and beyond.”
With the new capital, Rabbit Mobility aims to deepen its reach within Egypt, while also eyeing markets across North Africa. The company is on track to achieve profitability by year’s end and is strategically focused on expanding its fleet and service reach to meet the growing demand for eco-friendly transportation.
The investment in Rabbit Mobility reflects confidence in Africa’s burgeoning micromobility market. Amal Dokhan, managing partner at 500 Global, expressed enthusiasm for Rabbit’s potential, saying, “We believe in Rabbit Mobility’s innovative approach and commitment to sustainable transportation. We are excited to support their growth and contribute to the micromobility ecosystem in Africa.”
Rabbit’s expansion underscores a wider trend of investment in sustainable mobility solutions across the continent, as cities look to reduce congestion and improve air quality. With its sights set on both national and international growth, Rabbit Mobility is poised to play a significant role in shaping the future of urban transportation in North Africa.
