Funded Tech Companies
Ray
Based in Dubai, Ray is venture-backed, with investment from private investors.
Company Overview
Company Name
Ray
Company Status
Private & Independent
Industry
Funding Rounds
Total Funding
Contact Information
Mailing Address
P1 Block R Saih Shuaib 2
Dubai, Undisclosed
United Arab Emirates
Dubai, Undisclosed
United Arab Emirates
Phone
Undisclosed
Website
Email Address
Company Background Information
Overview
Stingray is the first power bank sharing network in Dubai with Tap-to-Pay and 27W fast charging. We help restaurants, cafés, hotels, and venues increase guest satisfaction and dwell time by providing on-demand charging stations. Guests can easily rent a portable power bank via contactless card payments (Apple Pay, Google Pay, credit/debit) or mobile app -- even if their phone is fully discharged. Our stations feature high-capacity 8,000 mAh / 27W fast-charging power banks, offering up to 50% faster charging than standard solutions. Installation for venues is free, with a revenue-share model that drives incremental income. Stingray is scaling from Dubai across the GCC, building the region's first unified network of shared portable power -- combining technology, hospitality, and convenience.
Last Transaction
4/20/2026
Financing History
Date
Type
Amount
Management Team
Company Investors
- Private Investors (Meirambek Abelkasov)
- Private Investors (Serik Uspanov)
Browse more funded tech companies:
Raxio Data Centres | Ray Flame Entertainment
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