Category: Sustainable transport

Zeno Raises $9.5 Million to Lead Africa’s Electric Revolution

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Zeno, a startup co-founded by Tesla alumnus Michael Spencer, has secured $9.5 million in an oversubscribed seed funding round, positioning itself to make a significant impact on Africa’s energy and transport landscape. This funding was led by Lowercarbon Capital and Toyota Ventures, with support from investors like 4DX Ventures, Active Impact, Advantedge, MCJ Collective, and RedBlue Ventures. The influx of capital will allow Zeno to roll out its innovative electric motorbikes with swappable battery technology in East Africa by early 2025, marking a milestone in the region’s electric vehicle (EV)…

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Chinese Electric Vehicle Manufacturers Target the African Market

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In the context of global energy transition, Chinese electric vehicle (EV) manufacturers are intensifying their efforts to conquer the African market, seeing considerable growth potential. This expansion strategy is part of a desire to diversify their international markets and establish themselves as leaders in a region still largely untapped by the EV industry. Several major Chinese players have recently made significant inroads on the African continent. Neta Auto, a brand developed by the startup Zhejiang Hozon New Energy Automobile Company, opened its first flagship store in Kenya last June. The…

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