Dodai Closes $13 Million Series A to Scale E-Mobility in Ethiopia
Ethiopia-based electric mobility company Dodai has closed a $13 million Series A financing round – comprising $8 million in equity and $5 million in debt – to accelerate the rollout of electric motorbikes and battery swapping infrastructure in Ethiopia. The round includes participation from Value Chain Innovation Fund, UTokyo Innovation Platform, Nagase & Co., Persistent ACV Fund, For Seasons, CBC Co., and Inclusion Japan, alongside British International Investment (BII).
Source: Africa Private Equity News (link opens in a new window)
