Transportation, mobility, and autonomous vehicles
Mazal has opened a Dubai app that holds a buyer’s money until the plate is transferred, and charges 5 percent. A launch auction of 10 lots raised Dh3.2 million. The Dh1.7 billion market figure is the company’s. No funding round was disclosed.
The Crown Prince launched Ceer’s first cars on 21 September 2026. The Exobot sedan and SUV open a seven-model plan from the KAEC plant. Prices were not announced. Series production is now talked about for early 2027, not the original 2025 date.
Ceer will unveil its first Saudi electric car pair, a sedan and an SUV, on 21 September 2026. The PIF-Foxconn venture has set a Q4 production start at King Abdullah Economic City. Prices and range were not released.
FlyNow has moved its global headquarters to Riyadh and is localising eCopter manufacturing, engineering and IP in Saudi Arabia, with cargo production targeted for 2027 and public flights expected around Riyadh Expo 2030.
As LEAP 2026 opens in Riyadh, the clearest proof of the Kingdom's tech ambition runs outside the halls, the Riyadh Metro, the world's largest driverless network. From metro to LEAP, the city shows how quickly its ambition has become lived reality.
Swvl has added 1.5 million dollars to its strategic round, upsizing it to about 14.5 million dollars led by the Sawiris-backed Coefficient. The MENA-born, Nasdaq-listed mobility firm will fund a US expansion, capping a striking turnaround to first profit.
LEAP 2026 returns to Riyadh from 31 August to 3 September with artificial intelligence firmly at its centre, arriving as Saudi Arabia marks its Year of AI. Its DeepFest programme and Tech Arena spotlight real-world AI, governance and embodied systems.
The Qatar Investment Authority has led a 200 million dollar Series D round for US autonomous-trucking firm Gatik. It is a grounded bet in a hype-prone sector, backing a driverless company with real customers, 600 million dollars in contracted revenue and 85,000 completed orders.
Naran, a UAE-based mobility fintech, has raised 10 million dollars in equity and debt from Landel. It provides rent-to-own vehicle financing to ride-hailing and delivery drivers across Latin America and Africa, using the UAE as its base.
Moove has raised 250 million dollars at a 2.1 billion dollar valuation in a Series C round led by Mubadala. The African-founded, UAE-headquartered firm is pivoting from vehicle-financing fintech into the infrastructure layer for autonomous vehicles.