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Egypt’s Tech Startup OneOrder Raises $3M In Funding

Investors have now injected a total of $10.5 million into the Egypt-based catering logistics firm.

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egypt's tech startup oneorder raises $3 million in funding
OneOrder

OneOrder, the Egyptian catering logistics and technology startup, has just raised another $3 million after a recent round of funding, with a view to boosting the firm’s core technology offering and upgrading in-house operations.

The latest funding round was led by Nclude, an investment platform that describes itself as an “Innovation Engine powered by tech startups”, as well as venture capital firm A15, and delivery giant Delivery Hero.

The fresh capital injection will help boost OneOrder’s in-house operations, improve sales and market share, and allow the firm to recruit top talent and improve its proprietary technology. In addition, OneOrder will now be able to scale its offline operations, expanding its network of warehouses further across Egypt and the MENA region.

“Aside from improving efficiency, we are reducing costs and impacting restaurants’ bottom lines. Joined by prominent global investors with deep knowledge and extensive expertise in our sector, we look forward to our next phase of rapid growth,” says Tamer Amer, co-founder and chief executive of OneOrder.

Also Read: Hub71’s Startup Ecosystem Now Boasts Over 200 Members

OneOrder has only been in existence since October 2021 and has already made a name for itself by using technology to address the inefficiencies faced by restaurants when sourcing supplies. The company’s platform allows restaurants to interact with a fragmented supplier base to efficiently source their supplies, such as meat, vegetables and catering equipment.

In Egypt, OneOrder has a potential market of 400,000 restaurants with an aggregate annual spend of $40 billion. Due to non-integrated supply chains, these businesses spend between 6-7% of their revenue to ensure logistical stability, so the future certainly looks interesting for this prominent startup.

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ABB E-mobility Delivers Its Millionth EV Charger

Continued growth has been facilitated by doubling production capacity after the launch of the company’s new DC fast charger facility in Valdarno, Italy.

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abb e-mobility delivers its millionth ev charger
ABB

ABB is a leader in electrification and automation solutions and has just announced the delivery of its millionth electric vehicle charger — the latest milestone in the company’s ongoing mission to create an emission-free future using smart and reliable EV charging solutions.

ABB currently boasts a presence in over 85 markets. After the launch of the company’s new $30 million, 16,000 squared meter production facility in Valdarno, Italy, production capacity has doubled over the last two years. The cutting-edge manufacturing plant recently set a new benchmark for the EV sector, producing a fast charger unit every 20 minutes, thanks to the high-tech factory’s seven simultaneous production lines.

abb e-mobility ev charger factory

“While our continual investment in research and development shows our ongoing commitment to enhance the field of e-mobility, the global delivery of these solutions at scale is integral to the realization of our goals. I want to thank our customers globally for their continued collaboration in hitting this one millionth charger milestone. I look forward to the millions yet to come, and to the cleaner, greener world they will help create,” says Frank Mühlon, ABB E-mobility CEO.

In the United Arab Emirates, ABB has installed over 80 fast and high-power DC charging stations, making it one of the largest projects from a single brand in the region. The biggest station is in Yas, Abu Dhabi, and offers 20 DC fast and high-power chargers for owners of emissions-free vehicles.

Also Read: Best Video Streaming Services In The Middle East

“We are proud that ABB chargers are today powering electric vehicles across strategic locations in the country, including the sites of the Dubai Utility provider, DEWA, and Abu Dhabi National Oil Company. Most of the car manufacturers and dealers in the UAE have ABB chargers in their showrooms and as well as car parking areas. We are confident ABB’s technical know-how, products, and research in the field of E-Mobility will continue to support the decision-makers in the Middle East to drive the transition to an emission-free future,” says Ahmed Abdu, E-mobility division lead, MENA region.

In addition to its Italian facility, ABB E-mobility has continued its global expansion. Earlier this month, the company announced a new United States facility that will eventually turn out over 10,000 chargers per year for the public sector, providing power to school buses and other fleets. As well as expansion into the USA, ABB E-mobility’s stake in Chinese charging provider, Chargedot, opens up another lucrative market for the EV charging giant.

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