About Fenix
Fenix is a Transportation, Automotive & Logistics company based in San Carlos (United States) founded in 2020 by IQ Sayed. Electric kick-scooters are shared via an app-based platform. It operates on a Mobility-as-a-Service, Subscription Services, and On-Demand Services model. Fenix has raised $5 million across 3 funding rounds from investors including AUM Ventures, Panthera Capital Investments and Emkan Capital. Fenix has completed 1 acquisition, including Letspalm. Fenix offers products and services including Fenix Scooters, MyRIDE Subscription, and FENIX Market. Its focus areas include Transportation, Urban Mobility, Electric Scooters and Retail. Its legal entity is Fenix Networks Limited. Its competitors include Bird, Spin and Wind; 3 of its 3 listed competitors have raised funding.
Company details
Electric scooters are offered by Fenix for urban transport, focusing on faster, affordable, and eco-friendly journeys. Operations span multiple cities in the UAE, Qatar, and Bahrain. Personal scooter subscriptions under MyRIDE and rapid grocery delivery through FENIX Market are also provided. Innovation in design and technology is emphasized, with features like heat-resistant handlebars and hygiene-focused amenities. The transportation and retail sectors are served with a commitment to sustainability and user comfort.
- Headquarters San Carlos, United States
- Founders IQ Sayed
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website fenix.life
- Social LinkedIn X Facebook Instagram
- Legal Name Fenix Networks Limited
- Total Equity Funding$5M (USD)
in 3 rounds
- InvestorsAUM Ventures
& 3 more
- Investments & Acquisitions
Products & Services of Fenix
Fenix offers a comprehensive portfolio of products and services, including Fenix Scooters, MyRIDE Subscription, and FENIX Market.
Electric scooters are provided for urban personal transport.
Personal scooters are offered through weekly or monthly subscriptions.
Groceries are delivered quickly within 10 minutes timeframe.
Apps and channels of Fenix
Fenix publishes 2 mobile apps with over 100K+ downloads.
Funding Insights of Fenix
Fenix has successfully raised a total of $5M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5M
- Total Rounds 3
- First Round $3.8M
(Nov 2020)
- Investors Count 4
All 3 funding rounds of Fenix with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2022 | Seed | – | – | ||
| Feb 2021 | $1.2M | Seed | – | Panthera Capital Investments, Emkan Capital | – |
| Nov 2020 | $3.8M | Seed | – | Maniv Mobility | – |
4 investors in total: 4 institutional.
Investors in Fenix
Fenix has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include AUM Ventures, Panthera Capital Investments and Emkan Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early-stage technology and consumer-led companies. | aumvc.com | Abu Dhabi, United Arab Emirates | ||
Venture capital and private equity are invested across multiple sectors. | pantheraci.com | Dubai, United Arab Emirates | ||
Early-stage MENA technology companies are funded and mentored by Emkan Capital. | emkan.vc | |||
Early-stage tech and offline focused VC firm investing in Israel and the US | maniv.com | Tel Aviv, Israel |
Investor details for Fenix
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People of Fenix
1 people are tracked at Fenix (1 in leadership).
| Name | Role | Group |
|---|---|---|
IQ Sayed | Co-Founder | Leadership |
Complete people profiles for Fenix
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Investments & Acquisitions by Fenix
Fenix has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Letspalm.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Electric kick scooter rentals are booked through an online platform. | letspalm.com | Turkey | 2018 | Aug 2021 | $5M |
Complete acquisition details for Fenix
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Timeline of Fenix
4 dated milestones of Fenix across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Fenix is founded.
- Funding First funding round of $3.8M.
- Acquisition Acquires Letspalm.
- Funding Latest funding round, Seed,.
Competitors of Fenix
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bird.co | 2017 | Miami, United States | $765M | 428 | Electric kick-scooters are rented through an app-based platform. | |
| spin.app | 2016 | San Francisco, United States | $8M | 347 | Electric kick-scooters are shared via an app-based platform. | |
| wind.co | 2010 | San Francisco, United States | $72.06M | Electric kick scooters are rented through a dockless app platform. |
Detailed competitors of Fenix
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Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Fenix (Electric & Green Mobility) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | 2,813 | ||
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 |
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Related news about Fenix
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Frequently Asked Questions about Fenix
Fenix was founded in 2020.
Fenix is headquartered in San Carlos, United States. It is registered at San Carlos, California, United States.
Fenix is a funded company, having raised a total of $5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3.8M, raised on Nov 2020.
Electric scooters are offered by Fenix for urban transport, focusing on faster, affordable, and eco-friendly journeys. Operations span multiple cities in the UAE, Qatar, and Bahrain. Personal scooter subscriptions under MyRIDE and rapid grocery delivery through FENIX Market are also provided. Innovation in design and technology is emphasized, with features like heat-resistant handlebars and hygiene-focused amenities. The transportation and retail sectors are served with a commitment to sustainability and user comfort.
Fenix offers Fenix Scooters, MyRIDE Subscription, and FENIX Market.
Fenix has made 1 acquisition, including Letspalm.
Fenix has 4 investors. Key investors include AUM Ventures, Panthera Capital Investments, Emkan Capital, and Maniv Mobility.
Fenix operates through Fenix Networks Limited.
Yes. Fenix publishes FENIX Mobility & Deliveries and 1 more app, with over 100,000 downloads.