The startup told TechCrunch that it will use the funding to enter Ghana and Egypt by the end of the first quarter of 2022, and other additional markets in Francophone, East and Southern Africa by the close of the same year. MAX started out in 2015 as a delivery startup using motorcycles to fulfil customer orders before venturing into ride-hailing, and later into vehicle subscription and financing services – solutions it came up with based on the data from its first services.The startup introduced vehicle financing in 2018, and in just over two years, CFO Guy-Bertrand Njoya told TechCrunch, the churn rate by drivers affiliated to them has crashed to “close to zero.”“We spent time understanding drivers’ operations and it became apparent to us that most of them don’t own the vehicles they use,” said Njoya.“It became clear that the fundamental issue that drivers face is consistent access to vehicles. The company currently provides two, three and four-wheeler EVs to drivers through various leasing and financing options. The UAE-based international venture capital firm, Global Ventures, also took part in the round, as did existing investors Novastar Ventures, and Proparco, the French development finance institution, through their Digital Africa initiative. Njoya said the startup is working towards becoming the go-to vehicle subscription and financial services platform for millions of transport operators across the continent.