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Live signals: ZENO RAISED USD 25m Series-A (Mar 26); SPIRO RAISED USD 270m (June/July 26); ARC RIDE RAISED USD 23m Series A Equity + USD 10.3m Debt (Sep26); OLA PLANS INR 1.5bn QIP; YULU USD 93m (Aug 26); E3ELECTRIC.AI RAISED USD 10.4m (Jul 26); RIVER RAISED USD120m (Aug 26); SIMPLE ENERGY RAISED USD 180m Series C Equity (Oct 26); DODAI RAISED USD 13m Series A (May 26); MATTER RAISED USD 25m (Aug 26); BGAUSS RAISED INR 1100m (Aug 26); ROAM TARGETS USD 15-20m; DAT BIKE RAISED USD 22m (Oct 25); OMOWAY Undisclosed (10s of millions of USD)(Jan 26); ULTRAVIOLETTE RAISED USD 85m Series E (Sep 26); SPIRO ADDITIONAL USD 18m Debt (Sep 26); GOGORO RAISED USD 61.8 million (Oct 2026); VENNA RAISED UNDISCLOSED Seed from BMW Motorrad(Oct 2026)

Lead Analysis Analysis

Rivian’s ALSO Exits Kenyan Electric Motorcycle Pilot

Rivian's micromobility spin-off, ALSO, has quietly pulled out of an electric motorcycle pilot in Kenya. ALSO never formally entered, so it is difficult to evaluate what the absence would mean for electric mobility in Africa. I remain skeptical that, outside of Spiro and, to some extent, SUN Mobility, there are no other players with the financial resources to set up battery-swapping networks at scale.

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NUMBERS
GOGORO Q2 FY 26 REV
70.6m
▲ 7.3% YoY
Ather · Q2 FY 27 rev
₹14,642m
▲ 63% YoY
VMOTO · Q2 FY 26 SALES
6,020 units
▲ 156% YoY
OLA -Q1 FY 27 REV
₹4,550m
▼ 45% YoY
NIU - Q2 FY 26 REV
RMB 1440.4m
▲ 14.7% YoY
INDIA - OCT 26 SALES
224k units
▲ 54% YoY
YADEA - CY 25 SALES
4.82m units
▲ 22.6% YoY

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    Rivian’s ALSO Exits Kenyan Electric Motorcycle Pilot

    Rivian's micromobility spin-off, ALSO, has quietly pulled out of an electric motorcycle pilot in Kenya. ALSO never formally entered, so it is difficult to evaluate what the absence would mean for electric mobility in Africa. I remain skeptical that, outside of Spiro and, to some extent, SUN Mobility, there are no other players with the financial resources to set up battery-swapping networks at scale.

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    Rivian’s ALSO Exits Kenyan Electric Motorcycle Pilot

    Rivian's micromobility spin-off, ALSO, has quietly pulled out of an electric motorcycle pilot in Kenya. ALSO never formally entered, so it is difficult to evaluate what the absence would mean for electric mobility in Africa. I remain skeptical that, outside of Spiro and, to some extent, SUN Mobility, there are no other players with the financial resources to set up battery-swapping networks at scale.

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