Compliance-first and commercial-grade. Not yet licensed; activating with authorisation and investment. Illustrative offer page; Hallor GSE appears as a demonstration issuer and every term and figure is illustrative. Not a live offer. SoukRaise is not yet licensed.
Diligence Allocation ladder Business Verified numbers Terms Elections Team Risks Data room Q&A

Hallor GSE

Maker of the Green Ox, a fully electric ground support tractor built in Kelowna, Canada. Raising to stand up GCC assembly, service and fleet financing in Abu Dhabi.

ADGM · Exempt offer Series B · Preferred Aviation · GSE Export champions · verified Future mobility · verified Financials verified
Founder walkthrough · The Hallor Green Ox · hallorev.com
A Hallor Green Ox electric tow tractor on the apron with an aircraft passing overhead
On the apron
Rear view of the Hallor Green Ox electric tractor at a service centre
Assembly & service
HALLOR branding and the tow hitch on the Green Ox electric tractor
Made in Kelowna, Canada
Front view of the Hallor Green Ox fully electric ground support tractor
The Green Ox
Checked before you got here

Diligence & verification

Every offer on SoukRaise passes the ADGM minimum diligence standard before it can be published. This panel is what we checked, who signed it, and when, not a promise that it'll be fine.

Diligence complete
ADGM minimum standard · signed off
Corporate standing. ADGM registry, Kelowna parent constitutional documents, board authority to issue
Financials reconciled. FY23–FY25 audited accounts against VAT filings and the accounting ledger
Export champions claim evidenced. Customs export records across three markets
Future mobility claim evidenced. Objective definition met; fleet contracts reviewed
Directors screened, identity, sanctions, PEP, adverse media, bad-actor check
Cap table verified, reconciled to the register; no undisclosed instruments
Material contracts, GCC fleet-financing terms and airport-operator letters of intent reviewed
Exempt offer confirmed. ADGM MKT 4.3.1 evaluation persisted, limb by limb

Signed off by a named Compliance Officer on 02 July 2026, under four-eyes review. Rule set: RegWatch GCC v2026.06.

Download the evidence pack (watermarked) ↓
Diligence completed is not a recommendation. SoukRaise does not advise, does not rate offers, and has no view on whether this is a good investment. We check; you decide.
Terms of the offer · set by the issuer

The allocation ladder

Hallor is issuing bonus shares to investors who commit into the earlier tiers, from its own allocation. The ladder was published before the offer opened and cannot be changed while it's live. It's a term of the offer, it's in your subscription agreement, not just on this page. The remaining figure in the current tier is a static fact, not a nudge.

Founding
First AED 8,000,000 of the raise
+18%
Fully allocated
Early
Next AED 9,000,000 · AED 600,000 remaining
+10%
Current tier
Standard
Remaining AED 8,000,000
Opens next
Bonus shares are issued at the same class and price. There is one round price: AED 15.00. A ticket spanning two tiers is split sequentially, never rounded up.
Tiers are consumed by committed capital in escrow, not by interest or reservations, and the only variable is when you choose to commit. Every eligible investor faces the identical ladder on identical terms. Cancel in the cooling-off window and your allocation returns to the pool.
The business

The apron still runs on diesel. Hallor changes that.

Every aircraft that lands has to be pushed back, towed and serviced on the ground, and almost all of that work is still done by diesel tractors idling on the apron. Airports in the Gulf are among the fastest-growing in the world, and their operators now carry both an emissions target and a fuel bill that climbs with every movement. The ground support fleet is the most visible, most replaceable diesel on the airfield.

Hallor builds the Green Ox, a fully electric ground support tractor engineered in Kelowna, Canada and proven through mountain winters. It tows aircraft, helicopters, baggage trains and lavatory carts, with one moving part where a diesel drivetrain has hundreds, and zero emissions at the point of use. The engineering that Hallor solved is not the motor; it is torque, traction and battery behaviour in the conditions an apron actually presents, from sub-zero mornings to Gulf summer heat.

The raise funds a GCC presence in Abu Dhabi: local assembly, a service and parts operation, and a fleet-financing facility so that airport operators can convert their aprons to electric without a capital purchase. Abu Dhabi is where the first fleet replacements are being scoped, and the plan is to be assembled, serviced and financed in the region rather than shipped into it. "Made in Canada. Built for global airport conditions" is the issuer's own framing of what it is bringing to the Gulf.

Verified numbers

What they said, and what the filings say

Every figure below appears twice: as stated by the company in its deck, and as reconciled by us against audited accounts, tax filings and delivery records. Where they differ, we show the difference rather than pick a side. Company figures are in Canadian dollars; the offer is denominated in dirhams.

FY2025StatedVerifiedSource
RevenueCAD 23.0mCAD 22.1mAudited + tax filings
Units delivered240232Delivery records
Export markets served33Customs records
Headcount9692Payroll records
Three figures differ from the deck. Hallor's response to each is in the Q&A below, published to every investor in this offer at the same moment. Nothing here was answered privately.
Terms

The whole instrument, on one screen

InstrumentSeries B Preferred
Liquidation preference1× non-participating
Pre-money valuationAED 90,000,000
Anti-dilutionBroad-based weighted average
Target raiseAED 25,000,000
DividendNon-cumulative, if declared
Price per shareAED 15.00
BoardOne investor observer seat
Minimum ticketAED 250,000
VotingPass-through via nominee
StructureADGM SPV · nominee held
TransferExit facility, subject to eligibility
Shares pre-money6,000,000
Cooling-offCancel within 5 business days
Elections

Choose once, at commitment

Rights the issuer has offered on this round. Available to every investor on identical terms, these aren't negotiated, and there's no version of this page where someone else got a better one.

Pro-rata rights

Right to maintain your ownership percentage in Hallor's next priced round. Offered to all Series B holders.

Follow-on reservation

Non-binding indication that you'd consider a further allocation. Not an offer, not a commitment, and creates no obligation on either side.

Quarterly information rights

Management accounts and a KPI pack each quarter, rather than the annual default. Offered at every ticket size, not just large ones.

Team

Verified, not asserted

Identity, directorship history and credentials confirmed through the Canadian and ADGM registries and Profiq. Every name below has been screened against sanctions, PEP and adverse-media sources, and rescreened daily since.

Founder & CEO · KelownaIdentity & history verified
CFOIdentity & credentials verified
Head of GCC · Abu DhabiIdentity & history verified
Non-exec chairIdentity verified
Risks

Read this section properly

Assembled from a maintained library covering this issuer, this sector, this instrument and this jurisdiction. The issuer may add to it. The issuer cannot edit it below the mandatory floor.

Risk 01 · Concentration

One product is the whole business

The Green Ox is a single product on a single platform. There is no second line to absorb a demand shock, a supply constraint on cells or motors, or a competing electric tractor winning a major operator. Revenue moves with one product's success.

Risk 02 · Execution

The GCC operation is planned, not built

Local assembly, a service and parts network, homologation for regional airport operators and the hiring behind them are all on the critical path, and none is complete. Some airfield-side approvals are not fully within the company's control, and the business runs across two jurisdictions and two currencies.

Risk 03 · Fleet financing

Financing the fleet puts residual risk on Hallor

Part of the Abu Dhabi plan is to finance conversions rather than sell outright. That exposes Hallor to utilisation, residual-value and counterparty risk on the operators it finances, and the financing structures are still under negotiation.

Risk 04 · Liquidity

You may not be able to exit

These shares are not listed or traded. The exit facility is a bulletin board that lets you seek a buyer among other eligible investors on this platform. It is not a market, there is no obligation on anyone to buy, and there may be no price at which anyone will.

Risk 05 · Capital

You can lose everything

Private company shares can become worthless. There is no deposit protection and no compensation scheme covering this investment. Only commit capital you can afford to lose entirely.

Data room

Everything we read, you can read

Watermarked with your name and the time you opened it. Every view is logged and visible to you and to the issuer. Ask the assistant a question and it answers only from documents you're cleared to see, that boundary is enforced at the index, not by asking it nicely.

Audited financial statements FY23–FY25PDF · 3 files
Tax filings & reconciliation workbookXLSX · 2 files
Customs export records (three markets)PDF · 3 files
Cap table & instrument registerXLSX
GCC assembly & service plan, Abu DhabiPDF · 2 files
Fleet-financing term sheets & landed-cost modelXLSX
Airport-operator letters of intentPDF
Cold-weather test & homologation reportsPDF · عربي
Employee compensation detailLead investors
Q&A

Asked by one investor. Answered to all of them.

There is no private channel to the issuer on this platform. Every question is routed to Hallor and every answer is published here, to every investor in this offer, at the same moment. That's not a courtesy, it's the rule.

One Q4 order shipped and was invoiced after the FY25 audit cut-off. The deck was built on management accounts that recognised it in the year; the audited accounts and the tax filing place it in FY26. We accept the auditor's treatment. Verified FY25 revenue is CAD 22.1m; the deck's CAD 23.0m should have been restated before submission.
Answered by Hallor GSE · 06 July 2026 · published to 23 investors
The fleet letters of intent are conditional on local assembly and service being live. If the Abu Dhabi build slips, our contingency is to import fully-built Green Ox units from Kelowna at a higher landed cost while the facility is completed; the customer commitments hold as long as we can deliver and support units. The landed-cost model and the facility timeline are in the data room.
Answered by Hallor GSE · 05 July 2026 · published to 21 investors
No. There is no secondary component, no founder liquidity, and no shareholder loans repaid from proceeds. The full AED 25m funds GCC assembly, the service operation, the fleet-financing facility and the working capital to run them.
Answered by Hallor GSE · 04 July 2026 · published to 19 investors
We don't disclose the identity of investors to other investors. We can tell you the Founding tier was fully allocated across multiple commitments rather than a single cheque, and that no SoukRaise staff, director or shareholder participated, they're barred from investing on the platform.
Answered by SoukRaise · 03 July 2026 · published to 23 investors