Hardware startups in Nigeria have started making money, but there’s a catch
The Nigerian hardware startup Humane failed to progress beyond the concept stage despite winning competitions. NEV Electric reported $14 million in revenue over 14 months and aims to reach $50 million in the next 15 months.
Nigerian drone company Terrahaptix records $2m revenue in its first year as it begins South Africa exportation
Terrahaptix signs contract with DiggingDeep for drone distribution in South Africa. Drones will be used for surveying, mapping, and monitoring hazardous areas in mining.
21-year-old Nigerian founders turn to hardware after building acquired and funded software startups
Nwachukwu and Maduka founded Terrahaptix after previous successful startups. Terrahaptix aims to make Africa a top drone producer in five years.
