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African Mobility Fintech Company Moove Secures $10 Million Financing From NBK Capital Partners
Moove, the African mobility fintech company, has today announced the closing of a US$10 million financing facility from NBK Capital Partners, strengthening the company’s mission to democratise vehicle ownership across Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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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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Google’s Africa Investment Fund Makes First Investment in Uganda’s SafeBoda
Internet giant Google announced that it has made the first investment from its Africa Investment Fund in Ugandan super app SafeBoda.
- Categories
- Investing
- 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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Indian Businesses Seek Government Support To Meet 2030 Electric Vehicle Target
Businesses in India are seeking government support to meet a target for at least 65% of all new vehicle sales to be electric by 2030, according to a CEO-led organisation of major companies worldwide which is leading the push.
- Categories
- Technology
- Region
- Asia Pacific
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How Can We Get Hydrocarbon-Rich Nations To Board the Electric Vehicle Wagon?
As the fourth largest source of carbon emissions, global transport must decarbonize.
- Categories
- Energy, Environment
- Region
- Global
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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
- Region
- Latin America
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