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First Mile Last Mile Solutions at SANABIL 500 MENA Accelerator Program

Mile at SANABIL 500 MENA Accelerator Program

 

Riyadh, Saudi Arabia: As a SANABIL 500 portfolio company, Mile will be presenting on stage at Demo Day on December 5th, 2023, at Al Waseel Gem in Riyadh. 

The event will feature eight other startups from the sixth batch of MENA Seed Accelerator Program. The selected companies cover a range of sectors, including logistics tech, fintech, foodtech, proptech, e-Commerce, and legaltech. The general public can watch the live stream at https://www.youtube.com/@SANABIL5004.  

All nine presenting startups will pitch their value proposition and business strategy to an esteemed audience of venture capitalists and industry professionals as part of the Vision 2030 enhancing innovation in the kingdom.

Saudi Arabia has the largest logistics market in the MENA region expected to surge to SAR 176 Billion by 2030. With Mile’s Enterprise Logistics end-toend solution, we aim to capitalize on Saudi Arabia’s thriving logistics sector and bring about substantial efficiencies for First, Middle and Last Mile workflows for fleet operators in terms of reduced fuel costs, improved fleet utilization, better visibility, and lower failed delivery rates.

Mile’s primary objective for participating in the SANABIL 500 MENA Accelerator program is to launch KSA operations and engage with key partners from the Kingdom: 

  • Hiring local Saudi talent
  • Localized product enhancements 
  • Go-to-market (GTM) strategy to drive product adoption

Speaking about the Demo Day, Shawar Javed, Co-founder and CEO, Mile said, “We have an amazing opportunity to be part of the SANABIL 500 portfolio in Saudi which helps us launch in Riyadh. Mile is able to demonstrate our product market fit and the potential of growth and traction in the Saudi market which will generate significant returns on investment Insha ALLAH.”

About The Mile 

Mile helps fleet operators supercharge their processes with an integrated logistics & commerce platform. Provider of logistics platform intended to revolutionize logistics from the first to the last mile that makes enterprise tech stack the bedrock for fleet operators. The company’s seamlessly integrated logistics and commerce platform digitally orchestrates the transfiguration of intricate operations from fleet and warehouse management to fulfillment storage, merchant oversight, and marketplace commerce, thereby empowering enterprises to elevate their operations to unprecedented levels of efficiency and productivity.

About SANABIL 500 MENA Accelerator Program 

The SANABIL 500 MENA Seed Accelerator Program is a joint initiative by 500 Global and SANABIL Investments set to run for three years. Over this period, 500 Global will conduct six seed funding and mentorship programs tailored for pre-seed and seed-stage startups across the MENA region. 

For more information, please visit https://500.co/accelerators/SANABIL-mena-seed-accelerator. 

About 500 Global 

Founded in 2010, 500 Global is a multi-stage venture capital (VC) fund and seed accelerator based in San Francisco, California. Backed by a diverse team and a sharp focus on investing in fast-growing tech startups, this Silicon Valley VC firm works closely with governments and stakeholders to foster entrepreneurial ecosystems. Since 2010, it has backed 5,000+ founders across 2,900+ companies, with 50 valued over $1 billion and 160+ over $100 million. 

For more information, please visit https://500.co/.

About SANABIL Investments

Founded in 2009 and based in Riyadh, Saudi Arabia, SANABIL is a financial investment company that invests over $3 billion annually in private investments in venture, growth, and small buyout assets, regardless of geography or sector. 

For more information, please visit www.SANABIL.com.