About Fenix
Fenix is a company based in San Carlos (United States) founded in 2020 by IQ Sayed. It operates as a Mobility-as-a-Service, Subscription Services, and On-Demand Services. 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. Fenix operates in a competitive market with competitors including Bird, Spin, Wind, Superpedestrian and Skip, among others.
- Headquarter San Carlos, United States
- Founders IQ Sayed
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fenix Networks Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
AUM Ventures
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Fenix
Fenix offers a comprehensive portfolio of products and services, including Fenix Scooters, MyRIDE Subscription, and FENIX Market. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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 Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(18 Nov 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Seed - Fenix | Valuation |
investors |
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| Feb, 2021 | Amount | Seed - Fenix | Valuation | Panthera Capital Investments , Emkan Capital |
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| Nov, 2020 | Amount | Seed - Fenix | Valuation | Maniv Mobility |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are made in early-stage technology and consumer-led companies.
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Founded Year | Domain | Location | |
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Venture capital and private equity are invested across multiple sectors.
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Founded Year | Domain | Location | |
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Early-stage MENA technology companies are funded and mentored by Emkan Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fenix
Fenix has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Letspalm. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Electric kick scooter rentals are booked through an online platform.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Fenix
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fenix Comparisons
Competitors of Fenix
Fenix operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bird, Spin, Wind, Superpedestrian and Skip, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric kick-scooters are rented through an app-based platform.
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| domain | founded_year | HQ Location |
Electric kick-scooters are shared via an app-based platform.
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| domain | founded_year | HQ Location |
Electric kick scooters are rented through a dockless app platform.
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| domain | founded_year | HQ Location |
Saas and AI-enabled platform offering predictive maintenence solutions for micromobility operators
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| domain | founded_year | HQ Location |
Online platform for e-scooters rentals
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fenix
Frequently Asked Questions about Fenix
When was Fenix founded?
Fenix was founded in 2020.
Where is Fenix located?
Fenix is headquartered in San Carlos, United States. It is registered at San Carlos, California, United States.
Is Fenix a funded company?
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 18, 2020.
What does Fenix do?
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.
What products or services does Fenix offer?
Fenix offers Fenix Scooters, MyRIDE Subscription, and FENIX Market.
How many acquisitions has Fenix made?
Fenix has made 1 acquisition, including Letspalm.
Who are Fenix's investors?
Fenix has 4 investors. Key investors include AUM Ventures, Panthera Capital Investments, Emkan Capital, and Maniv Mobility.