Dubai powerbank-sharing startup Ray secures $1.2 million seed funding round led by JET co-founders to accelerate regional expansion. The company plans to deploy 2,000 charging stations across UAE by end of 2026, targeting hospitality venues, shopping malls, and transport hubs. Ray's differentiation lies in its Tap-to-Pay technology, enabling users to rent portable chargers in 15 seconds using contactless payment methods without requiring an app or internet connection. The fast-charging powerbanks can charge smartphones from 20% to 80% in approximately 30 minutes. With international payment infrastructure already integrated and operations spanning over 170 countries, Ray is positioning itself for broader GCC expansion while maintaining a foundation for eventual global growth.
