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Nigerian EV startup MAX raises $29M in Series B3 funding led by climate finance firm Nithio to expand electric mobility across West and Central Africa.
Amount Raised
$5 Million
Round Type
Series B
LagosEnergyTransportationInvestors
Description
MAX, a Lagos-based electric mobility company, has closed its Series B3 funding round at $29 million, with new investment from U.S. climate finance firm Nithio. The round tops up a $24 million equity and debt round announced in January, with new money accounting for approximately $5 million. Funds will support vehicle financing, battery swapping, and clean transport services across West and Central Africa
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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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