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…
The Africa CEO Forum that went underway in Kigali on Thursday should not end as another gathering where Africa’s ambitions are eloquently stated but weakly acted upon. If there is one urgent message policymakers in the room must take home, it is that the continent cannot build a single market while making it difficult for…
The RT40S is built for demanding industrial environments. (Image: DCI Scanning) As South African warehouses, logistics providers and distribution centres face increasing pressure to improve efficiency, visibility and turnaround times, businesses are turning to rugged mobile technologies designed specifically for harsh operating conditions. Whether you’re managing inventory in freezing conditions or scanning high shelves in…
Sony Honda Mobility, the high-profile joint venture between two of Japan’s industrial titans, has officially pulled the plug on its electric vehicle ambitions. In a recent statement, the company confirmed it will “discontinue the development and launch” of the Afeela 1 and Afeela 2, effectively ending years of anticipation for the tech-heavy cars. While the…
Weego, a Moroccan-Senegalese mobility startup, raised $1.1 million in a funding round led by Azur Innovation Fund to expand its transport platform across Africa. The company operates a mobility-as-a-service application that integrates different transport options into one interface. Users can access public transit, ride-hailing and other services through the platform. Weego was founded in 2020…
Automobiles Limited, Oluwatobi Ajayi stands at the forefront of Africa’s automotive renaissance–an innovator, entrepreneur, and visionary whose work continues to redefine what is possible within Nigeria’s industrial landscape. As the Founder and Chief Executive Officer of Nord Automobiles Limited, Nigeria’s foremost indigenous automotive brand, Ajayi embodies the ingenuity, resilience, and transformative leadership that the Vanguard…
Africa’s electric mobility leader and battery swapping pioneer, Spiro has announced the raising of $50 million in debt funding from Afreximbank and two new investors Nithio and Africa Go Green Fund managed by Cygnum Capital. The new funding follows Spiro’s landmark $100 million investment in October 2025, which became Africa’s largest-ever electric mobility investment. The…
London-based mobility and financial services platform GoCab has raised $45 million in new financing, split between $15 million in equity and $30 million in debt, as it steps up expansion across Africa. The equity round was led by E3 Capital and JANNGO Capital, with participation from KawiSafi Ventures and Cur8 Capital. The debt portion was…
EV adoption in Africa could accelerate before 2040, but high financing costs remain the main barrier to uptake. Electric vehicles (EVs) could become economically competitive across large parts of Africa well before 2040, driven by falling technology costs and the rise of solar-powered, off-grid charging infrastructure. This is according to new research led by research…
Beta Technologies shares surged more than 8% after air taxi maker Eve Air Mobility announced an up to $1 billion deal to buy motors from the Vermont-based company. Eve, which was started by Brazilian airplane maker Embraer and is now under Eve Holding, said the manufacturing deal could equal as much as $1 billion over…
