Berytech Fund II has invested $1.3 million in Loop, a local operator of electric scooters. A trial operation of 55 scooters has begun in Beirut. It is the first of its kind worldwide for this brand.
The investment funds will be used toward the trials before the scooters rollout date, which is expected before summer 2017.
Loop scooters will provide a self-service riding scheme for city-wide journeys. The vehicles will be available for rent by commuters and leisure seekers.
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