Tech Company Financing Transactions
Ray Funding Round
On 4/20/2026, Ray announced $1.2 million in Seed financing from private investors.
Transaction Overview
Company Name
Announced On
4/20/2026
Transaction Type
Venture Equity
Amount
$1,200,000
Round
Seed
Investors
private investors (Lead Investor) (Meirambek Abelkasov)
private investors (Lead Investor) (Serik Uspanov)
Proceeds Purpose
The company intends to use the funds to expand its station network across the UAE and GCC, targeting high-traffic hospitality venues, shopping malls, and transport hubs.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
P1 Block R Saih Shuaib 2
Dubai, Undisclosed
United Arab Emirates
Dubai, Undisclosed
United Arab Emirates
Phone
Undisclosed
Website
Email Address
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Igor Kosolap
Founder
Roman Averianov
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We do our best to record every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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