Nigerian Mobility Startup MAX secures $24M funding round, driven by profitability achievement, to advance electric mobility in West and Central Africa.
Amount Raised
$24 Million
Round Type
Funding Round
LagosEnergyTransportationAutomotiveInvestors
Description
Metro Africa Xpress (MAX) has raised $24 million through a funding round that includes equity and debt. The financing supports MAX's transition to electric mobility following its recent profitability in Nigeria. Investors include Equitane DMCC, Novastar, and Endeavor Catalyst. The funds will help accelerate MAX's scaling efforts and enhance clean energy infrastructure across Africa.
Quick answer
MAX raised $24 Million in a Funding Round round, dated January 16, 2026. Investors: Energy Entrepreneurs Growth Fund, Endeavor Catalyst, Novastar and Equitane DMCC. MAX is based in Lagos, Lagos State, Nigeria.
- How much did MAX raise?
- MAX raised $24 Million in a Funding Round round on January 16, 2026.
- Who invested in MAX?
- Energy Entrepreneurs Growth Fund, Endeavor Catalyst, Novastar and Equitane DMCC are named as investors in this round.
- What does MAX do?
- Metro Africa Xpress (MAX) is a mobility financing company based in Nigeria that is transitioning towards electric mobility financing across West and Central Africa.
- Where is MAX based and how big is it?
- MAX is based in Lagos, Lagos State, Nigeria. Fundz records about 501 employees.
- Who are the decision-makers at MAX?
- Fundz holds 1 contact at MAX. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Transportation around the same time
Companies in the same sectors as MAX that raised within 45 days of this round, from Fundz verified event records.
- KargoBot raised $100M (Series B) on March 2, 2026.
- Dat Bike raised $26M (Series B) on March 1, 2026.
- Einride raised $113M (Post-IPO Equity) on February 28, 2026.
- Pluto Mobility raised $2M (Seed) on February 19, 2026.
- EyeROV raised $1.4M (Pre-Series A) on February 5, 2026.
- SLEEK EV raised $8.5M (Series A) on February 5, 2026.
Who to call at MAX, and when
A new round usually means MAX is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day MAX raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at MAX, from your own LinkedIn network
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Related People
MAX 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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