Morocco’s GoSwap Secures Seed Funding to Scale Battery-Swap EV Infrastructure Nationwide

GoSwap, a Moroccan EV startup has announced its seed funding which was acquired from Azur Innovation Fund in order to increase its battery-swap infrastructure. This seed funding will assist the creation of swap stations in major cities such as Casablanca and Marrakech in order to advance the adoption of electric vehicles and reduce reliance on fossil fuels. 

The investment marks the company’s first institutional backing and is part of a broader strategy to support a planned capital raise of over $2 million (MAD 20 million) aimed at scaling operations nationwide. 

As a built battery-as-a-service company, GoSwap allows customers to buy electric scooters without requiring to pay for batteries up front. In less than ten seconds, riders are able to replace their low batteries with fully charged ones at connected stations, which eliminates charging delays and reduces range anxiety.  

According to the Founder of GoSwap, Hamza Slimani, the funding is a significant step toward the company's goal of increasing the easy availability of electric mobility. He highlighted that the need for alternatives that are cheaper is growing because of rising fuel prices and traffic in cities.

These advantages make GoSwap a desirable option for fleet managers, delivery riders, and city residents looking for cost-effective and environmentally responsible transportation.

About GoSwap

GoSwap was founded by Hamza Slimani with its headquarters in Casablanca, Morocco as a Morocco-based electric mobility startup focused on building battery-swapping infrastructure for electric scooters, making clean transportation more affordable and practical in urban areas.