Moroccan electric mobility startup GoSwap has secured its first round of funding from Azur Innovation Fund to expand its battery-swapping infrastructure for electric scooters, the company said on Tuesday.
The investment will support the rollout of additional swap stations across major cities, including Casablanca and Marrakech, as GoSwap seeks to scale its network and accelerate adoption of electric two-wheelers in urban transport.
Founded by Hamza Slimani, GoSwap operates a model that allows users to exchange depleted scooter batteries for fully charged units in under 10 seconds at connected stations located at fuel retailers and partner outlets. The company said about 20 swap cabinets are already operational in Casablanca.
GoSwap sells scooters without batteries, offering battery access through a pay-as-you-go system, a structure it says lowers upfront acquisition costs and reduces total cost of ownership for users, including delivery riders and fleet operators.
The company estimates its system can reduce operating costs by up to 60% compared with petrol-powered motorcycles, while also cutting carbon emissions by around the same margin due to the use of electric power.
The funding comes as African cities grapple with rising urbanization and growing demand for affordable mobility solutions, with electric two-wheelers increasingly viewed as a practical alternative for last-mile transport and delivery services.
GoSwap said the new capital will also support the integration of additional electric motorcycle models compatible with its swapping system and the continued expansion of its station network nationwide.
Azur Innovation Fund said it backed GoSwap for its integrated approach to mobility, combining infrastructure, hardware and a usage-based business model aimed at addressing both economic and environmental challenges in urban transport.
GoSwap did not disclose the size of the funding round but said it is targeting to raise more than 20 million dirhams as part of its broader financing strategy.