Funding Trends in African E-Mobility Startups
- African startups raised $2.21 billion across 488 deals in 2024, with mobility startups securing $178.6 million.
- Kenya leads East Africa in electrifying commercial vehicles, supported by a robust renewable energy infrastructure.
- South Africa is focusing on EV manufacturing but faces significant energy challenges.
The growth of Africa's e-mobility sector presents a unique opportunity for sustainable development and innovation. However, the challenges of energy insecurity and funding disparities across regions must be addressed to ensure equitable growth and access to electric mobility solutions. Continued collaboration between startups and established players will be crucial in overcoming these hurdles.
