Drive Terra

Drive Terra

Innovative SaaS solutions for last-mile delivery, offering limitless range and cost savings through smart energy distribution. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
$8—12m (Dealroom.co estimates Dec 2023.)
Dubai Dubai Emirate (HQ)
  • Edit
DateInvestorsAmountRound
*
N/A

N/A

Seed
*
N/A

$2.0m

Seed
Total Funding$2.0m

Recent News about Drive Terra

Edit
More about Drive Terrainfo icon
Edit

TERRA, founded in 2021, is a pioneering startup focused on revolutionizing energy distribution and consumption, specifically tailored for the last mile delivery sector. Operating primarily in the MENA (Middle East and North Africa) region, TERRA aims to provide innovative, sustainable, and cost-effective energy solutions to businesses of all sizes.

The company’s core offering is a subscription-based Software as a Service (SaaS) model that enables businesses to access a network of Smart Swapping Stations. These stations allow users to quickly swap depleted batteries for fully charged ones, significantly reducing downtime and operational costs. This model is particularly beneficial for companies involved in last mile delivery, where efficiency and time savings are crucial.

TERRA’s target clients include e-commerce firms, logistics companies, and any business that relies on fleet mobility. By providing a seamless and limitless range of energy solutions, TERRA helps these businesses save both time and money, while also promoting sustainability. The company is currently piloting its solutions in the UAE, a region rapidly becoming a hub for startups and e-commerce firms.

The business model is straightforward: TERRA generates revenue through subscription fees paid by businesses that use its Smart Swapping Stations. Additionally, the company offers franchise opportunities, allowing entrepreneurs to establish their own network of swapping stations in different regions, further expanding TERRA’s reach and impact.

TERRA is committed to sustainability, innovation, and community building. The company’s solutions are designed to be environmentally friendly, reducing the carbon footprint associated with traditional energy consumption methods. By focusing on these core values, TERRA aims to create a brighter and more sustainable future for all.

Keywords: energy distribution, last mile delivery, SaaS, subscription model, Smart Swapping Stations, sustainability, UAE, fleet mobility, logistics, e-commerce.