Top 5 Regions for MobilityTech Funding in Africa
Northern Africa attracted $640M in 2023 for electric mobility and digital transformation. West Africa raised $400M in 2023, with Nigeria's Moove securing $110M for vehicle financing.
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.
