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Mexico’s Kavak Drives Away With $700 Million in New Funding, Doubling Its Valuation to $8.7 Billion
Kavak, a Mexico City-based startup that operates a pre-owned car marketplace in Latin America, announced it has raised a massive Series E round that more than doubles the company’s valuation.
- Categories
- Finance, Technology, Transportation
- Region
- Latin America
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Malaysia-Based Socar Raises US $55 Million in Series B Funding Round From New Investors EastBridge Partners, Sime Darby
SOCAR plans to use the funding to support continuous tech enhancements, the introduction of clean mobility initiatives, and further development of its P2P car-sharing marketplace TREVO.
- Categories
- Investing, Technology, Transportation
- Region
- South Asia
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Power Global Introduces eZee, the First Swappable Battery for Light Vehicles
Power Global introduces eZee, the company's first swappable battery for light vehicles.
- Categories
- Energy, Technology, Transportation
- Region
- Global
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$5 Billion Smart Village and Learning Project in Ghana
TPT Global Tech (TPTW) has entered into a strategic technology agreement with Skybridge West Africa (SWA) to partake in the development of 20 smart villages in Ghana, West Africa.
- Categories
- Education, Energy, Technology
- Region
- Sub-Saharan Africa
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Shared Mobility Startup Plentywaka Raises $1.2 Million Seed Round and Acquires Stabus Ghana
Plentywaka acquired Ghanaian mobility startup, Stabus as it looks to expand its African operations, starting with West Africa.
- Categories
- Investing, Technology, Transportation
- Region
- Sub-Saharan Africa
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ZūM CEO Ritu Narayan Explains Why Equity and Accessibility Works for Mobility Services
Ritu founded Zūm in 2016 with brothers Abhishek and Vivek Garg to optimize routes, create transparency and make school commutes greener in India.
- Categories
- Technology, Transportation
- Region
- Asia Pacific
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Nigerian Mobility Startup Moove Raises $63.2 Million Series A to Democratise Vehicle Ownership
Moove is democratising vehicle ownership in Africa by providing revenue-based vehicle financing to mobility entrepreneurs.
- Categories
- Social Enterprise, Technology, Transportation
- Region
- Sub-Saharan Africa
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Press Release: Lightrock Closed USD $900 Million Global Growth Fund, Investing In People, Planet and Productivity in Europe, India and Latin America
Lightrock, a global impact private equity firm closed its Lightrock Growth Fund I with investments from LGT and its private clients.
- Categories
- Investing, Technology, Transportation
- Region
- Global