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Press Release: In Rural Nigerian Communities, Small Electric Vehicles Powered by Microgrids Cost the Same as Fossil Fuels and Expand Access to Electricity
RMI, Factor[e] Ventures and the UK-charity Shell Foundation show scaling electric mobility with a growing minigrid industry is profitable for both minigrid and electric vehicle operators and improves community access to transportation
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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Japan’s Suzuki to Invest $1.4 Billion for Electric Vehicles at India Factory
Suzuki Motor plans to invest 104.4 billion rupees ($1.37 billion) in its India factory to produce electric vehicles (EVs) and batteries, Maruti Suzuki India, majority-owned by the Japanese carmaker, said on Sunday.
- Categories
- Energy, Technology, Transportation
- Region
- Asia Pacific
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Addis Ababa Inks $29 Million Deals With China Firms for Public Transport Upgrade
Authorities in Ethiopia’s capital Addis Ababa have inked a deal worth $29.17 million with two Chinese companies to modernise the transport sector.
- Categories
- Investing, Transportation
- Region
- Sub-Saharan Africa
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World’s First Mobility FinTech Moove Raises $105 Million in Series A2 Round to Scale Its Revenue-Based Financing Model Globally
Moove is democratizing vehicle ownership across Africa by providing mobility entrepreneurs access to revenue-based financing in markets with low access to credit.
- Categories
- Finance, Technology, Transportation
- Region
- Global
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Study: Electrifying Motorcycle Taxis in Kampala, Uganda, Shows Air Pollution Benefits
In a new University of Michigan study, researchers set out to understand the air pollutant emissions impacts of electrifying motorcycle taxis in Kampala, Uganda.
- Categories
- Transportation
- Region
- Asia Pacific
- Tags
- e-mobility, transportation
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African Mobility Fintech Company Moove Secures $10 Million Financing From NBK Capital Partners
Moove, the African mobility fintech company, has today announced the closing of a US$10 million financing facility from NBK Capital Partners, strengthening the company’s mission to democratise vehicle ownership across Africa.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
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Tugende Raises $17 Million in Debt to Expand Vehicle, Equipment Financing for MSMEs in Kenya, Uganda
Tugende, a financial technology (fintech) firm specializing in vehicle finance in Uganda and Kenya, recently raised USD 17 million in debt funding.
- Categories
- Finance, Transportation
- Region
- Sub-Saharan Africa
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Nigerian Mobility-Tech Startup MAX Bags $31 Million in Series B Round, Set To Expand Across Africa, Build EV Infrastructure
Nigerian mobility tech startup Metro Africa Xpress Inc. (MAX) is planning to enter more markets across Africa as it races toward formalizing the continent’s transportation sector after securing $31 million in Series B funding.
- Categories
- Finance, Technology, Transportation
- Region
- Sub-Saharan Africa
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