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Nigerian e-mobility startup MAX raises Series B3 funding to $29 million, backed by climate investor Nithio to expand across Africa.
Amount Raised
$29 Million
Round Type
Series B
LagosEnergyTransportationInvestors
Description
MAX, a Nigerian electric mobility platform, has secured Series B3 funding bringing the round total to $29 million, with support from US-based climate investment firm Nithio. The company operates an integrated platform combining electric motorcycles, battery subscriptions, solar-powered charging infrastructure, and fleet financing across West and Central Africa. MAX currently operates in 20 cities across Nigeria, Ghana, and Cameroon, supporting over 60,000 commercial drivers and facilitating more than one billion trips. The investment will accelerate MAX's expansion efforts to provide affordable and environmentally friendly transportation solutions across additional African markets.
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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.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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