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.
Kenya EV Bus Startup BasiGo Raises $3 Million From CFAO Group
Kenyan startup BasiGo has raised a $3 million equity investment from CFAO Group to bolster its production expansion in Rwanda and Kenya. The corporate venture capital divisions of CFAO, Mobility54, and CFAO Kenya collectively made significant investments in BasiGo.
Kenya’s electric bus startup BasiGo secures $3 million in funding round.
Kenyan startup BasiGo has secured a $3 million equity investment from CFAO Group to bolster its production expansion in Rwanda and Kenya. BasiGo’s modern electric buses include maintenance and charging services for bus operators.
