Why Africa’s electric mobility is no longer a venture bet
- Startups in the African electric mobility sector have raised over $1.28 billion across 129 deals since 2019.
- A third of the capital now comes as debt, indicating a shift towards infrastructure financing.
- The African Development Bank is developing the Green Mobility Facility for Africa to mobilize over $300 million for e-mobility.
The shift towards debt financing in the African electric mobility sector suggests a maturation of the market, but the concentration of capital among a few players raises concerns about sustainability and competition. It would be beneficial to explore how emerging startups can access funding and grow in this evolving landscape.
