MOBILITY
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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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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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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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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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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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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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Roam secures $24m Series A funding to accelerate electric vehicle production in Kenya
Roam, an electric mobility player in electric vehicle (EV) innovation in Africa, is set to expand its operations in Kenya, following a $24 million Series A funding round. This funding round was led by Equator Africa and includes investments from Renew Capital, At One Ventures, TES Ventures, The World We Want, and One Small Planet, among other prominent private and…
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OX Delivers secures funding to roll-out affordable clean transport for Africa
OX Delivers, a UK-based emobility startup, has received a £1.2 million funding grant from Energy Catalyst as the company readies its next-generation affordable all-electric OX4 truck for production. The £1.2 million Energy Catalyst grant will fund the development of a sustainable energy infrastructure in Rwanda from which OX Delivers EV trucks will benefit from. OX Delivers is already providing reliable,…
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Watu and Spiro partner to improve access to affordable financing for electric motorbikes in Kenya
Asset financing company Watu Credit and SPIRO, a pioneer in sustainable urban mobility solutions, have announced a partnership to improve access to affordable financing for electric motorbikes in Kenya. Spiro has set up a headquarters in Mombasa, and has the largest electric two-wheeler fleet in Africa with over 10,000 bikes deployed in Kenya, Benin, Togo, Rwanda and Uganda. Speaking during the announcement, Erick Massawe, Kenya…
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