Ray has launched its service in Dubai and raised US$1.2 million in a seed funding round. The investment came mainly from private investors, including Meirambek Abelkasov and Serik Uspanov from JET.
With this funding, Ray plans to grow its network across the UAE and GCC. The company will focus on busy places like hotels, shopping malls, restaurants, and transport hubs.
Ray was founded by Igor Kosolap and Roman Averianov. It offers portable charging stations placed in public places like cafes, malls, and restaurants.
Users can rent a powerbank from one station and return it at any other station in the network, making it simple and convenient.
The service is already running in Dubai and Abu Dhabi. Ray aims to expand to 2,000 locations across the UAE by the end of the year. With 3.8 million residents, 19.6 million international visitors in 2025, and over 13,000 food outlets, the market offers strong growth opportunities.
“Ray differentiates itself through Tap-to-Pay technology, allowing users to rent a power bank in about 15 seconds by tapping a bank card or using Apple Pay or Google Pay directly at the station. The process works without requiring an app, internet connection, or even a charged phone.” said Roman Averyanov, CPO and co-founder of Ray.
At the same time, the service keeps the same simple payment process as a mobile app. Users are charged based on how long they use the power bank, so it feels easy and smooth without needing to download any app.
The stations have fast-charging power banks that can charge a phone from 20% to 80% in about 30 minutes. Each power bank also has enough battery to charge a phone up to two times.
Founded in 2025, Ray runs a network of portable charging stations where people can rent a power bank and return it at any station in the network.
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