A startup designing and assembling electric motorcycles and buses specifically for African roads, emphasizing local collaboration.
Kenya Accelerates Electric Mobility Drive With Major Funding Boosts
Kenya secured a 25-billion Japanese yen (≈ USD 168 million) Samurai loan from Japan to support electric mobility initiatives. USD 102 million from the loan will enhance local EV manufacturing and assembly, reducing reliance on imported vehicles.
Kenya’s electric matatu revolution is moving faster than you think, but can the rest of Africa catch up?
Basigo launched its first fleet of fully electric matatus in Kenya, targeting the informal transport market. The deployment of electric matatus is facilitated through leasing partnerships with local transport cooperatives.
Equator secures $55M to fund Africa’s early-stage climate tech startups
Equator closes a $55 million fund to support early-stage climate tech startups in Africa. Investments will target sectors like energy, agriculture, and mobility to promote sustainable development.
Equator Africa Fund secures $5M from Proparco to scale African climate startups
Equator Africa Fund secures $5 million from Proparco. Investment aims to support climate tech startups in Sub-Saharan Africa.
Spiro secures $50m debt funding from Afreximbank to expand electric vehicles in Africa
Spiro has signed a $50 million debt financing deal with Afreximbank to expand its offering in its existing markets. The company operates in six countries and plans to expand to Cameroon and Morocco this year.
