GoSwap raises first funding round to expand battery-swap network for electric scooters in Morocco

Moroccan startup GoSwap has closed its first funding round from Azur Innovation Fund, targeting a raise of over 20 million dirhams (roughly $2 million) to expand its battery-swapping network for electric scooters across Morocco.

The company currently operates 20 swap stations in Casablanca, located at CashPlus stores and Petrom and Shell fuel stations. The funding will be used to add stations in Casablanca, then extend the network to Marrakech and other cities.

GoSwap sells electric scooters without a battery, which lowers the purchase price. Riders pay for mileage packages through an app between MAD 25 and MAD 29.4 per 100 km and swap a depleted battery for a full one at any station in under 10 seconds. The company says riders save up to 60% in running costs compared to a petrol scooter, and that emissions drop by around 60%.

The model targets individuals, delivery riders, and company fleets. It includes geolocation, remote immobilization, and fleet management tools.

The raise comes as Morocco’s EV market grows. Passenger EV sales in Morocco rose 80.4% in 2025 and are forecast to rise a further 36.3% in 2026. However, Morocco’s domestic battery electric vehicle market share remains at 0.6%, with cost identified as the main barrier to adoption. Two-wheelers, which are not captured in passenger EV figures, are a separate and larger segment. Morocco’s automotive industry accounts for around 22% of GDP, and the country has accelerated development of its EV supply chain, with plans to add around 2,500 charging points by 2026.

Battery swapping as a model for two-wheelers has precedent elsewhere on the continent. In Kenya, Rwanda, and Nigeria, battery-swap systems are helping riders avoid high upfront costs, and electric motorcycles accounted for 45% of new global two-wheeler sales by 2025.

Hamza Slimani, co-founder of GoSwap, said the goal is to make electric motorcycles accessible by cutting acquisition and running costs while removing range limits.

Adnane Filali, Managing Partner at Azur Innovation Management, said the investment was driven by GoSwap’s ability to address economic, operational, and environmental needs both for urban commuters and the growing delivery sector.

Last updated: March 26, 2026