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  2. Vego Group provides eco-friendly transportation solutions powered with clean energy

Vego Group provides eco-friendly transportation solutions powered with clean energy

GHADA.ISMAIL
Dec 16, 2024
Vego Group is the first Saudi Company to inaugurate and manufacture the electric motorcycle

Riyadh – Exclusive Sharikat Mubasher: Rafa Nasser, Marketing Specialist at Vego Group told Sharikat Mubasher that Vego Group is the first Saudi Company to inaugurate and manufacture the electric motorcycle and other electric vehicles, which aligns with Vision 2030 to bolster clean energy usage.

On the sidelines of the Supply Chain and Logistics Conference 2024, which runs from 15 to 16 December in Hilton Riyadh, Nasser added that the electric motorcycle is an effective, eco-friendly transportation solution that costs less money and keeps the environment clean.

 Vego Group also provides vehicles powered by smart systems that offer real-time updates, advanced navigation, and personalized driving settings, making every journey seamless.

Moreover, the Company developed SadiqApp which is tailored for delivery drivers, and helps boost income and efficiency with features like an electric vehicle screen showing charging status, flexible payment management, and direct customer communication. The app’s instant notifications and user-friendly interface ensure a smooth and successful delivery experience.

Founded in 2020 in Saudi Arabia, Vego Group has a clear mission to transform the way the world approaches transportation. Today, VEGO GROUP stands at the forefront of the clean energy revolution, dedicated to advancing the future of mobility.

The 6th Supply Chain and Logistics Conference, running in Hilton Riyadh, features over 100 exhibitors and more than 10 startups from 10+ countries.

It serves as a dynamic platform that provides access to decision-makers in government agencies and commercial establishments and identifies investment initiatives and opportunities.

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Signit lands $15mn Series A led by Raed Ventures
Riyadh – Sharikat Mubasher: Saudi-based Signit announced it has closed a $15 million Series A round led by Raed Ventures, with participation from STV, Seedra Ventures, Takamol Ventures, and Suhail Ventures, as it looks to scale its AI-powered contract management platform across Saudi Arabia.According to the company’s press release, the new funding will support Signit’s expansion beyond e-signatures into a full AI-driven contract lifecycle management (CLM) platform, enabling organizations to create, negotiate, sign, and manage agreements within a single system. The company is also investing in AI-powered drafting and compliance tools, alongside strengthening its digital certification infrastructure.Founded in 2021, the company provides digital signature and contract lifecycle management solutions, serving more than 700 clients across government, financial services, healthcare, and enterprise sectors. It is licensed as a Trust Service Provider by the Digital Government Authority.Commenting on this, Mohamed El Abbouri, the CEO, said the move reflects growing demand for end-to-end contract solutions, highlighting inefficiencies in traditional contract processes. Investors noted that AI-powered contract management represents a significant market opportunity, positioning Signit to play a leading role in the Kingdom’s evolving digital economy.
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