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MAX raises $29M in Series B3 funding from Nithio to expand electric two-wheeler deployment and solar-powered charging infrastructure across Africa.
Amount Raised
$29 Million
Round Type
Series B
LagosEnergyTransportationRenewable EnergySolarAutomotiveElectric VehicleInvestors
Description
Nithio has provided financing to MAX, a Nigerian electric mobility company, extending its Series B3 funding round to $29 million. The investment will support MAX's deployment of electric two-wheelers through OEM partners Spiro and NOVR, and expansion of its solar-powered charging and battery-swapping network. MAX operates an electric vehicle and battery subscription platform integrating vehicle partnerships, charging infrastructure, fleet management technology, and digital payments. The company aims to make mobility safer, more affordable, and sustainable while improving economic opportunities for commercial transport operators.
Fundz sees it the moment MAX raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Funding Insights
What this usually meansMAX raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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