Day: 14 February 2024

216 Capital co-leads Pan-African startup Logidoo’s $1.5M fundraising round

logistafrica

The African continent is facing a critical logistics challenge compared to regions like Asia and the EU. Currently, Africa’s low index of intra-continental trade poses a challenge to the vision of the African Continental Free Trade Area (AfCFTA) due to nonexistent corridors, high logistics costs, complex customs processes, delays, and lack of infrastructure. With its logistics marketplace platform, Logidoo addresses this major challenge by creating commercial corridors between African countries through its fast, reliable, secure, and affordable intelligent logistics solution. Continuing its momentum to support emerging sectors in the African…

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Roam Secures US$24M in Funding to Accelerate Electric Mobility Solutions in Africa

logistafrica

● Roam secures US$14M in Series A equity funding led by Equator Africa, with notable contributions from At One Ventures, TES Ventures, and others, alongside an additional US$10M debt commitment from the US Government’s International Development Finance Corporation (DFC). ● This funding will enable Roam to expand its production of locally designed and manufactured electric motorcycles and buses, fueling its mission to revolutionize African transportation with innovative products specifically designed for consumers across the continent. Nairobi, Kenya — Kenyan-based electric mobility pioneer, Roam, is accelerating its mission to revolutionise transportation…

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