Search Results for: MOBILITY
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MOBILITY
Techstars and WirelessCar Launch Mobility Innovation Program
Pre-seed investor Techstars, and WirelessCar, the provider of connected vehicle services, are collaborating to launch the Techstars & WirelessCar Connected Mobility Innovation Program. The program according to a statement from the two partners seeks to empower future mobility with cutting-edge software solutions. The program represents a shared commitment to shaping the future of transportation, combining WirelessCar’s twenty-five years of expertise…
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MOBILITY
Senegal’s eMobility Startup Solarbox Africa Secures $1m Pre-Seed Funding
Senegal’s eMobility solutions provider and energy startup Solarbox Africa on Thursday announced the closing of its $1m Pre-Seed round. The funding was led by early-stage investors Digital Energy Facility (a collaborative initiative led by Agence Française de Développement, IetP and Gaia Impact Fund), Launch Africa, JLL Foundation as well as Teranga Capital. The company said in a statement that the…
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MOBILITY
Spiro expands electric mobility in Nigeria
Spiro, Africa’s largest electric vehicle (EV) player, has announced the official launch of its operations in Ogun State, Nigeria. The landmark expansion marks a pivotal moment in the electric mobility landscape of Nigeria’s largest economy. With more than 18,000 electric motorbikes already deployed across sub Saharan Africa, Spiro’s strategic expansion into Nigeria will see its presence in up to eight…
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MOBILITY
Watu to finance 10,000 electric bikes in 2024 in push for E-mobility
Asset financing company, Watu has revealed plans to finance 10,000 electric bikes in 2024 in Kenya as it pushes for e-mobility adoption in Kenya. The pans are included in the company’s inaugural sustainability report released last week which highlights its progress in financing mobility and connectivity assets and the environmental impact of its operations. Watu says the report is the first…
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NEWS
NCBA Bank Installed 5 EV Charging Stations Regionally in 2024
NCBA Bank has taken a significant step towards supporting sustainable transportation by installing five electric vehicle (EV) charging stations across the region this year. The bank has deployed these EV charging stations at its headquarters (NCBA Center, NCBA House) in Nairobi and at its HQ in Kigali, Rwanda. The installation of these charging stations was made possible through a partnership…
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LATEST
Sofia-based startup AMPECO secures $26m Series B to accelerate global EV charging networks
AMPECO, a Sofia-based EV charging management platform provider, has raised $26 million in Series B funding. The round was led by Revaia, with participation from existing investors Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures. This investment will enable AMPECO to accelerate its product development and expand its presence in key markets, solidifying its position as a global leader in EV charging…
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CLIMATE CHANGE
Money Flows Into Africa’s Climate Tech Startups
African climate tech startups are pulling in more money than ever before, overtaking fintech as the continent’s hottest investment sector. By September 2024, these startups had raised $413.9 million, making up a third of all startup funding in Africa. The shift shows investors are betting big on companies that tackle climate change while solving everyday problems. The numbers tell a…
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BRAND & SUSTAINABILITY
Kenya Power launches new sustainability strategy
Kenya Power sustainability strategy: Kenya Power has officially launched its Sustainability Strategy that will provide a roadmap for the entrenchment of sustainable business operations within the Company. The Strategy will drive the implementation of measures to reduce environmental carbon footprint, prioritisation of inclusivity and well-being of the Company’s stakeholders, responsible utilization of resources, and upholding of corporate and ethical practices. The…
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MOBILITY
BasiGo secures $42 million to scale electric bus supply in East Africa
BasiGo, the Kenyan electric vehicle manufacturer has closed US$42 million in new funding led by Africa50, the pan-African infrastructure investor and asset manager The funding round consists of US$24 million in Series A equity funding along with US$17.5 million in debt facilities from British International Investment (BII) and the U.S. Development Finance Corporation (DFC). The equity round features co-investments from…
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ENVIRONMENT
Championing Sustainability: How Glovo is Leading the Charge in Environmental Protection
In recent years, the global conversation around sustainability has intensified, with businesses recognizing their critical role in mitigating climate change and reducing environmental footprints. At Glovo Africa, we are not only part of this conversation but are actively driving tangible change through a steadfast commitment to sustainable practices, fostered by innovative initiatives and collaborations. Transforming Urban Mobility with Electric Vehicles…
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