Carbin Africa: How this Nigerian automotive startup hit a billion GMV in one year
Carbin Africa was founded in 2023 to address slow inventory turnover in Nigeria's automotive market. The startup has sold over 1,000 cars in its first three years and exceeded a billion Naira in Gross Merchandise Value since March 2024.
Mecho Autotech Cuts Workforce Amid Economic Pressures in Nigeria
Mecho Autotech laid off an unspecified number of employees from its 40-person workforce. The layoffs were attributed to Nigeria's tough macroeconomic environment and FX instability.
Mecho Autotech raises $2.4M, ventures into wholesale spare parts distribution
Mecho Autotech has raised $2.4 million in a pre-Series A round to expand its automotive spare parts and vehicle repairs and maintenance services. The company aims to address the fragmented and informal aftermarket spare parts supply chain in Nigeria by importing and distributing aftersales spare par
