BasiGo Raises $42M to Accelerate Public Transport Electrification Across Sub-Saharan Africa
BasiGo raised $24 million in Series A equity funding. The funding round was led by Africa50 and included co-investments from multiple firms.
Kenyan E-mobility Startup BasiGo Completes Series A Round of USD 42 M
BasiGo completes USD 42 million Series A funding round. Funding includes USD 24 million in equity and USD 17.5 million in debt facilities.
The problem with African EV startups
$9.5 million raised by Zeno for electric motorbikes. Zeno plans to introduce swappable battery electric motorbikes in East Africa by early 2025.
Mobius Motors secures a 100% acquisition deal days after announcing its shutdown
Mobius Motors has accepted an acquisition offer from an undisclosed buyer. The transaction is expected to be completed within 30 days.
Kenya’s Digital Transformation Gets $250M Boost from US Finance Corporation
The US International Development Finance Corporation (DFC) has unveiled a $250 million financing package for Kenya's digital and sustainable mobility landscape. DFC has invested in several prominent Kenyan companies, including M-KOPA, BasiGo, Mogo Auto, Roam Electric, and Pezesha Africa Limited.
