Dubai-based last-mile smart delivery startup Flyby raises $1 million in seed funding
- ByStartupStory | January 17, 2023
Dubai-based smart delivery startup and digital OOH company, Flyby has raised $1 million in the seed funding round. FHS Capital based in Silicon Valley, USA, and VN2 Capital of London participated in the round.
The company will utilize the funds to launch a fleet of smart delivery boxes in Dubai, scale up, and develop its technology. Due to the funds the startup has emerged quite well. Hesham Hannah-Shmouni, Managing Partner, FHS Capital, said in a note that Flyby has the potential to disrupt multiple industries and create value across the last-mile delivery ecosystem.
The startup’s technology has the potential to facilitate location-based advertising, with geo-fencing capability. The boxes have the ability to track rider behavior and address road safety challenges. The startup is working with industry regulators to ensure compliance with safety and data standards and guidelines. Flyby is expected to be seen on the streets of Dubai in the first quarter of 2023. The OOH market in MENA is expected to touch $54 billion by 2026.
About Flyby:
Flyby has an embedded UV lighting system that sanitizes the contents of the box on each delivery. The boxes also have embedded sensors with telemetry data, including GPS position, acceleration, and speed. The smart delivery boxes, designed in Germany, can also double up as mobile advertising spaces for use by fleet operators and restaurants. The boxes, which comprise high-contrast digital outdoor LED displays, are connected through a cloud-interface, said the note. The interface allows advertisers to book ad spaces directly. It also allows per-minute advertising and scales from a single bike to a fleet of thousand bikes.
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