NextBillion - A WDI Publication

Ampersand Lands New Funding Aims for 13,000 Electric Motorcycles and a Doubled Battery-Swap Network by 2026

"The fresh capital will fund a rapid roll-out of battery-swap stations and charging infrastructure aimed at cutting riders’ energy costs and shrinking urban emissions."

Source

Africa Digest News (link opens in a new window)

Categories

Energy, Transportation

Region

Sub-Saharan Africa

Tags

development finance, e-mobility, impact investing, infrastructure, scale, startups

PREO Launches New Report on Interoperability in Electric Mobility at Africa E-Mobility Week

PREO’s report draws on five years of insights from its early-stage investments in electric mobility enterprises.

Source

PREO (link opens in a new window)

Categories

Energy, Technology

Region

Sub-Saharan Africa

Tags

business development, decarbonization, e-mobility, gender equality, innovation, research, scale

M-KOPA Posts First Ever Profit, Bets on E-Mobility for Next Growth Phase

The Nairobi-based fintech swung to a US$9.2 million profit in 2024 from a US$20.6 million loss the previous year, according to audited results seen by The Kenyan Wall Street.

Source

The Kenyan Wall Street (link opens in a new window)

Categories

Finance, Technology, Transportation

Region

Sub-Saharan Africa

Tags

digital finance, digital inclusion, distribution, e-mobility, fintech, lending, mobile finance, PAYGO finance, scale

British International Investment Commits $60 Million to Green Investment Partnership to Close the Climate Finance Funding Gap in South-East Asia

GIP is an innovative blended finance vehicle under FAST-P that has secured $510 million in committed capital from global and regional private, public and philanthropic institutions.

Source

British International Investment (link opens in a new window)

Region

South Asia

Tags

blended finance, circular economy, climate change, decarbonization, development finance, e-mobility, infrastructure, renewable energy, scale, sustainable business

Arc Ride Secures $10 Million in Funding to Expand Electric Motorcycle Battery-Swapping Network Across Kenya

The company’s Battery-as-a-Service (BaaS) model enables riders to swap a depleted battery for a fully charged one in minutes, reducing fuel costs and addressing the range anxiety often associated with electric vehicle adoption.

Source

Tech in Africa (link opens in a new window)

Categories

Energy, Transportation

Region

Sub-Saharan Africa

Tags

blended finance, decarbonization, e-mobility, gig economy, impact investing

Kenya’s eBee Lays off Employees Across All Departments in Major Restructuring

"The layoffs reflect broader challenges facing Kenya’s e-mobility sector, where riders are opting for cheaper electric motorbikes over eBee’s bicycles . . ."

Source

TechCabal (link opens in a new window)

Categories

Energy, Transportation

Region

Sub-Saharan Africa

Tags

e-mobility, failure, scale, startups

Japanese VCs Launch USD $20 Million Early-Stage Startup Fund for Africa & MENA

The fund will invest in four key sectors: finance, mobility, distribution, and sustainability. Furthermore, it will focus on areas such as mobile payments, microlending, digital retail, logistics, and agri-tech.

Source

WAYA Media (link opens in a new window)

Categories

Investing

Region

North Africa & Near East

Tags

agtech, digital payments, distribution, e-mobility, financial inclusion, impact investing, microfinance, startups, venture capital

China Falls Back on Gasoline to Drive its Global EV Conquest

Mainland EV makers are shifting from pure-electric to plug-in hybrid engines.

Source

Rest of World (link opens in a new window)

Categories

Energy, Transportation

Region

Asia Pacific

Tags

decarbonization, e-mobility, manufacturing