GoSwap secures backing from Azur Innovation Fund to expand urban mobility network

• Morocco-based electric mobility startup GoSwap has secured seed funding from Azur Innovation Fund to scale its battery-swapping infrastructure across urban centres.
• Founded in 2023 by Hamza Slimani, GoSwap offers a battery-as-a-service model for electric scooters, enabling users to swap batteries in under 10 seconds and reduce operating costs by up to 60%.
• The funding will support infrastructure expansion, vehicle compatibility, and fleet management solutions, as GoSwap targets broader rollout across Moroccan cities and North Africa.

Press release:

Moroccan electric mobility startup GoSwap has secured its first seed funding round from Azur Innovation Fund, marking a key milestone as the company prepares to scale its battery-swapping infrastructure across urban centres.

Founded in Casablanca, GoSwap is building a battery-as-a-service model for electric scooters, addressing key barriers to EV adoption, including high upfront costs and range limitations. The company is targeting a broader capital raise exceeding $2 million (MAD 20 million+) to support regional expansion.

At the core of GoSwap’s model is the separation of the battery from the vehicle. Users can purchase electric scooters without batteries and access energy through a network of smart swap stations. Depleted batteries can be exchanged for fully charged ones in under 10 seconds, eliminating charging downtime.

The company has already deployed 20 connected battery swap stations across Casablanca, located at high-traffic points including CashPlus, Petrom, and Shell outlets. The platform offers a cost of approximately MAD 25 to 29.4 per 100 km, positioning it as a cost-effective alternative to fuel-powered vehicles.

With the new funding, GoSwap plans to expand its infrastructure within Casablanca and into new cities such as Marrakech, enhance compatibility across multiple electric vehicle models, and strengthen fleet management capabilities for logistics and last-mile delivery companies.

By localising battery-swapping models successfully deployed in Asian markets, GoSwap aims to build a scalable infrastructure layer that accelerates EV adoption across Morocco and the wider African region.