Africa’s mobility startups: Electric and global ambitions fuel funding surge
- Nigerian mobility startup Moove has raised $76 million in funding for global expansion, with Uber reportedly looking to back the company with an additional $100 million.
- Kenyan electric mobility standout Roam has raised $24 million in funding to expand its production of electric motorcycles and buses.
- Other African mobility startups, such as Shekel Mobility and Mbay Mobility, have secured funding for growth and expansion plans.
The African mobility startup ecosystem is experiencing significant growth and investment, with several startups securing substantial funding for their expansion plans. The focus on electric vehicles and low-emissions transport aligns with the global trend towards sustainability. The projected growth of the shared mobility market in Africa presents a promising opportunity for these startups to tap into a growing market and contribute to the continent's sustainable transportation infrastructure.
