Finance

Egyptian ride-hailing tech company Halan raises funds for its growth

Wednesday, 05 December 2018 15:42
Egyptian ride-hailing tech company Halan raises funds for its growth

(Ecofin Agency) - Halan, an Egyptian ride-hailing tech company, raised an undisclosed volume of funds during an operation managed by Singaporean Battery Road Digital Holdings and venture capital firm Algebra Ventures.

"Halan is a technology solution that is built to put people first and improve their livelihoods. All over the country, it moves people and goods safely, efficiently, and economically and generates thousands of jobs. We will use this round of funding to expand to more cities and more countries, offer more services, and to build better technology", said Mounir Nakhla, the startup’s co-founder.

Halan informs that since its launch in 2017, it has facilitated more than 3 million trips in Egypt. This startup provides its services in towns where the residents have no access to transportation means.

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