April 2026 | UAE Startup & Tech News – Ray has officially launched its services in Dubai and Abu Dhabi, while securing $1.2 million in seed funding to accelerate expansion across the UAE and GCC markets.
The funding round was backed by private investors, including Meirambek Abelkasov and Serik Uspanov, signaling strong confidence in the company’s growth potential.
Expansion Plans Across High-Traffic Locations
With fresh capital, Ray aims to rapidly scale its presence by deploying charging stations in high-footfall locations, such as:
- Hotels
- Shopping malls
- Restaurants and cafés
- Transport hubs
The company plans to reach 2,000 locations across the UAE by the end of 2026, tapping into a fast-growing, mobile-first consumer base.
What Ray Offers: App-Free Portable Charging Solution
Founded in 2025 by Igor Kosolap and Roman Averianov, Ray provides a portable power bank rental service designed for convenience.
Key Features:
- Rent a power bank from one station and return it at any other location
- Available across cafés, malls, and public venues
- No app download required
This flexible model makes it easier for users to stay connected without worrying about battery life.
Tap-to-Pay Technology: No App, No Hassle
Ray stands out with its Tap-to-Pay technology, allowing users to rent a power bank in under 15 seconds.
Users can pay directly using:
- Apple Pay
- Google Pay
- Contactless bank cards
According to Roman Averianov, the process works without requiring an app, internet connection, or even a charged phone, making it highly accessible for travelers and everyday users.
Fast Charging & User-Friendly Pricing
Ray’s charging stations are equipped with fast-charging power banks that:
- Charge devices from 20% to 80% in around 30 minutes
- Provide enough power for up to two full charges
The pricing model is simple and usage-based, ensuring users only pay for the time they use the device—similar to app-based services but without the friction.
UAE Market Opportunity: A High-Growth Landscape
The UAE presents a strong opportunity for Ray’s business model, supported by:
- 3.8 million residents
- 19.6 million international visitors (2025)
- 13,000+ food outlets and public venues
This combination of tourism and urban lifestyle creates ideal conditions for on-the-go charging solutions.
About Ray
Ray operates a growing network of portable charging stations, enabling users to rent and return power banks seamlessly across locations.
With a focus on convenience, speed, and accessibility, the company aims to become a leading player in the shared charging infrastructure space across the Middle East.
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape. She has written extensively on fintech, AI and emerging startups.