Transport Dubai electric bike firm plans UAE expansion By Divsha Bhat December 27, 2023, 12:01 PM Pexels/Bruno Saito Eco Way has partnered with companies including Talabat, Amazon, Deliveroo and Emirates Post Group in Dubai EV market valued at $250m Clients include Amazon and Deliveroo Dubai last-mile delivery company Eco Way plans to replace the UAE’s many thousands of petrol motorcycles with electric bikes. The startup currently operates 45 electric bikes in Dubai and has partnered with companies including Talabat, Pizza Hut, Amazon, Deliveroo, KFC and Emirates Post Group. Founder Ivan Kroshny said Eco Way also wants to expand from Dubai into the whole UAE and the wider Gulf region. Gulf’s cheap petrol slows take-up of electric bikes UAE motorcycle rental firm invests in EV chargers Eco Way also offers a battery-swapping system, allowing couriers to swiftly replace discharged batteries, rather than waiting for a full charge that can take up to four hours, thus minimising downtime. The UAE’s electric vehicles market revenue is predicted to hit $250 million in 2023, according to Statista, with an anticipated annual growth rate of over 8 percent. This trajectory is expected to culminate in a market volume of more than $370 million by 2028. The GCC last-mile delivery sector is expected to reach $1.85 billion in 2027, with a compound annual growth rate of 7.82 percent during the forecast period, the Indian market research firm Infinium Global Research said.
