Kampala, Uganda — African electric mobility company Spiro has secured a landmark $215 million equity investment to accelerate the expansion of its electric vehicle (EV) and battery-swapping infrastructure across the continent, positioning the company among Africa’s leading clean energy and transport platforms. The funding round attracted support from major institutional investors, including Impact Fund Denmark…
Chery sub-brand iCaur introduces two new derivatives of the V23 in South Africa. Chery South Africa’s sub-brand iCaur has unveiled the latest additions to the local market’s electric SUV segment. The iCaur V23 is a retro-styled electric SUV available in two derivatives: the 2WD and AWD, according to a statement. The new offerings expand the…
Following its groundbreaking commitment to develop an all-electric vehicle, a massive pivot from previous corporate declarations, Ferrari has officially pulled back the curtain on the Ferrari Luce. While the vehicle’s minimalist, tactile cabin previously debuted as a standalone concept, seeing the interior integrated into a fully realized production prototype shifts the narrative entirely. What once…
Ferrari presented its first fully electric car on Monday, marking a high-stakes shift by the luxury sports car maker as competitors including Porsche and Lamborghini scale back their EV ambitions, citing weak demand. The four-door Luce, Italian for “light”, was developed with the help of former Apple design chief Jony Ive and his collective LoveFrom,…
The South African division of Estonian ride-hailing giant Bolt has officially announced the launch of an electric vehicle (EV) category for the local market. The rollout follows a strategic partnership with ride-sharing platform YugoRide, which aims to deploy a fleet of 500 EVs in Cape Town by December 2025, with a broader expansion to Johannesburg…
Alfa Romeo’s Junior Elettrica Veloce is a hot hatch dressed as an EV – and it’s just brilliant to drive.
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) PacifiCorp court win could reduce wildfire damages by $1B or more An Oregon Court of Appeals ruling this week accepted PacifiCorp’s argument the judge in a 2023 trial mistakenly…
Across much of Africa, motorcycles are not leisure vehicles. They are workhorses. They carry commuters, schoolchildren, goods, medicines and deliveries. For millions of people, they provide the most affordable and accessible form of transport, while also creating livelihoods for riders and small businesses. In many places, they fill the gap left by limited public transport….
If left unchanged, the new policy could have unintended consequences for SA’s broader economic and energy objectives, warns Zero Carbon Charge. The South African National Roads Agency’s (Sanral’s) proposed overhaul of its rest and service facilities (RSF) policy could derail private investment in electric vehicle (EV) infrastructure at a critical time for the country’s energy…
GoMetro’s Justin Coetzee GoMetro, the company behind South Africa’s first electric minibus taxi, plans to begin operating its eKamva vehicles on routes serving Century City in Cape Town from October this year. Speaking to Cape Talk’s Lester Kiewit on Monday, GoMetro founder and CEO Justin Coetzee said the company has spent the past two years…
