E-Mobility Startup Zeno Secures USD 9.5M in Seed Funding
- Zeno raised USD 9.5 million in seed funding.
- Funding led by Lowercarbon Capital and Toyota Ventures.
- Participation from investors including 4DX Ventures and Active Impact.
The successful funding round for Zeno highlights the increasing investor interest in sustainable transportation solutions in emerging markets. The focus on swappable battery technology could revolutionize the e-mobility landscape in East Africa, making electric vehicles more accessible and practical for consumers. It will be interesting to see how Zeno navigates the challenges of scaling operations in diverse markets and the impact of its initiatives on local economies.
