The problem with African EV startups
Summary
Zeno raised $9.5 million in seed funding from Lowercarbon Capital and Toyota Ventures to scale its swappable-battery electric motorbikes in East Africa. The company plans to sell and lease bikes to boda boda riders and add battery purchase, pay-per-use, and subscription options. It also intends to launch home battery docks with solar capability to support off-grid users. The article also covers Safaricom’s role in a large healthcare information technology consortium for Kenya’s Ministry of Health, including interoperability, digitization, and cybersecurity work.
Funding
Amount
$9.5M
Total raised
Date
September 19, 2024
Announcement date
Investors
Safaricom, Zeno, Lowercarbon Capital
Lead investors
Company
https://zeno.earth/
Funded company
Classifications
industries
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applications
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AskAI Classifications
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