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Bolt Raises €628 Million, Its Largest Funding Ever, to Boost Growth
The company says it will use part of the funding to accelerate the expansion of its new and existing mobility and delivery products across Eastern African markets.
- Categories
- Technology
- 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
- Region
- Sub-Saharan Africa
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SK Group to Invest US $700 Million in Electric Vehicles, Environment in Malaysia
SK Group, the second-largest conglomerate in Korea and leading energy and chemical company, has committed to invest US$700 million in Malaysia in various sectors, including electronic vehicles (EV), digitalization, and the environment.
- Categories
- Technology
- Region
- South Asia
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From People to Packages: How a Nigerian Ride-Hailing Business Weathered the Pandemic by Shifting to Last-Mile Delivery
The effects of COVID-19 have impacted business around the world, and consumer-focused sectors in Africa have faced particular challenges. As Nikhil Goel at Gokada explains, the crisis has exposed the urgent need for digital-first approaches to work, shopping and other aspects of daily life – and opened new opportunities for nimble enterprises that can tap into this growing demand. He explores how Gokada has successfully navigated the pandemic by shifting its business model from ride-sharing to last-mile delivery.
- Categories
- Coronavirus, Technology
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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
- Region
- Sub-Saharan Africa
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India’s Unconventional COVID-19 Recovery: How Platformization and Digitalisation Can Build an Inclusive Post-Pandemic Economy
Most of India's labour force is employed in the informal sector, and these workers have faced unique challenges during the COVID-19 pandemic: Over 78% of them lost their livelihoods in the initial lockdown, and many remain unemployed or underemployed. But Chhavi Banswal at Ola Mobility Institute highlights a silver lining behind these dark clouds – accelerated digitalisation and platformization. She explores how gig/platform workers have become a key part of the country's economy, and discusses a recent report showing how digital platforms can expand employment opportunities for all.
- Categories
- Entrepreneurship, Finance, Technology
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uYilo To Scale E-Mobility Projects Across Africa After EU Funding Deal
The uYilo eMobility Programme has received multimillion-rand funding from the European Union, which it says will be used to enable and mobilise electric mobility across Africa.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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TLcom and 4DX Drive $13.1 Million Seed Round To Scale Autochek’s Platform Across Africa
African automotive company Autochek has secured a $13.1 million seed round almost a year after raising $3.4 million pre-seed in November 2020.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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