Tuesday
February 10
2026

GoCab: $45 Million Raised To Expand Electric Mobility And Ethical Vehicle Financing Across Africa

By Amit Chowdhry

GoCab, a mobility and financial services platform, has raised $45 million in new financing to scale electric mobility and expand access to ethical, Shariah-compliant financing for gig-economy drivers and delivery couriers across Africa. The company positions its model around a structured pathway that helps workers generate stable income while progressively gaining ownership of the vehicles they use for work.

Photo courtesy of Ruiyang Zhang.

Source: Pulse 2.0 (link opens in a new window)

Categories
Energy, Environment, Transportation
Tags
artificial intelligence, e-mobility, financial inclusion, gig economy, Islamic finance, MSMEs