Catalyst Fund Invests in OKOA to Scale Battery-Swapping Network Across Africa
Summary
Catalyst Fund has invested in OKOA to help scale its interoperable battery-swapping network for electric motorcycles in Africa. The company plans to expand first in Tanzania and Cameroon and has a pipeline of about 30 cities across six African countries. OKOA’s model lets riders swap depleted batteries for charged ones in about one minute and aims to cut energy costs versus petrol by 40% to 60%. The startup also uses an asset-light franchise approach that allows businesses such as fuel stations and shops to host swapping points.
Funding
Amount
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Total raised
Date
September 19, 2026
Announcement date
Investors
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Lead investors
Company
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Funded company
AskAI Classifications
Sectors
Transportation and Mobility
Energy and Utilities
Fleet Management
Functions
Internet of Things (IoT) Platforms
General IoT
Linked Companies
Stima Boda
up to $1M