GoSwap raises first funding round to expand battery swap network for electric scooters in Morocco

GoSwap has secured its first funding round to grow its battery swapping infrastructure for electric scooters across Morocco. The company operates a network that allows riders to exchange depleted batteries for charged ones at designated stations. The capital will support expansion of the swap network in the Moroccan market.

Why it matters: Battery swapping offers an alternative charging model that reduces downtime for two and three wheelers, a segment increasingly targeted by fleet operators. The funding signals investor confidence in swap infrastructure as a complement to fixed charging in emerging EV markets.