GoSwap secures seed funding from Azur Innovation Fund to expand battery swapping network in Morocco
By Eve
Morocco-based GoSwap has raised seed funding from Azur Innovation Fund to scale its battery swapping infrastructure for electric scooters across North Africa. The Casablanca startup, founded in 2023, has deployed 20 connected swap stations across the city at CashPlus, Petrom and Shell sites, offering 10 second battery exchanges and claiming operating cost reductions of up to 60 per cent. GoSwap plans to expand within Casablanca and into Marrakech, targeting logistics and last mile delivery fleets with its battery as a service model priced at approximately MAD 25 to 29.4 per 100 kilometres.
Why it matters: The deal highlights investor appetite for alternative charging models in emerging markets, where battery swapping can address range anxiety and upfront cost barriers for commercial EV fleets. For procurement teams and charge point operators, GoSwap's retail site partnerships and focus on high traffic locations offer a template for rapid urban deployment beyond traditional plug in infrastructure.