Fundz

Zeno raised $9.5M in Seed funding led by Lowercarbon Capital and Toyota Ventures to advance its swappable battery technology for electric vehicles in East Africa.

PRIVATESep 25, 2024

Amount Raised

$9.5 Million

Round Type

Seed

OaklandOtherTransportationAutomotiveLogistics

Investors

Red BlueMcjAdvantedgeActive Impact4 Dx VenturesToyota VenturesLowercarbon Capital

Description

Zeno, an e-mobility startup, has secured $9.5M in seed funding to enhance transportation across East Africa with swappable battery technology. The round was led by Lowercarbon Capital and Toyota Ventures, featuring prominent investors like 4DX Ventures and Active Impact.

Quick answer

Zeno raised $9.5 Million in a Seed round, dated September 25, 2024. Investors: Red Blue, Mcj, Advantedge, Active Impact, 4 Dx Ventures, Toyota Ventures and Lowercarbon Capital. Zeno is based in Oakland, California, United States.

How much did Zeno raise?
Zeno raised $9.5 Million in a Seed round on September 25, 2024.
Who invested in Zeno?
Red Blue, Mcj, Advantedge, Active Impact, 4 Dx Ventures, Toyota Ventures and Lowercarbon Capital are named as investors in this round.
What does Zeno do?
Zeno is an e-mobility startup focused on transforming transportation across East Africa through innovative swappable battery technology.
Where is Zeno based and how big is it?
Zeno is based in Oakland, California, United States.
Who are the decision-makers at Zeno?
Fundz holds 1 contact at Zeno. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation and Automotive around the same time

Companies in the same sectors as Zeno that raised within 45 days of this round, from Fundz verified event records.

  • MOOEV Technologies raised $475K (Seed) on November 6, 2024.
  • Yotuh Energy raised $182K (Angel) on August 20, 2024.
  • ZoomCar raised $200K (Post-IPO Equity) on November 7, 2024.
  • ZoomCar raised $9.2M on November 7, 2024.
  • ZoomCar raised $9.2M (Post-IPO Equity) on November 6, 2024.
  • Hala Mobility raised $6.1M (Pre-Series A) on November 4, 2024.

Who to call at Zeno, and when

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Company Information

Company

Zeno

Location

Oakland, California, United States

About

Zeno is an e-mobility startup focused on transforming transportation across East Africa through innovative swappable battery technology. Founded in 2022, Zeno aims to produce affordable electric motorbikes that can be leased or purchased. The startup is strategically positioned to capitalize on the growing interest in e-vehicles in the region, especially in markets like Ethiopia, Rwanda, and Kenya. With a strong operations team led by industry experts, Zeno is poised to make a significant impact in the electric transportation sector.

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