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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 13.5m Series B Equity + USD 13.1m Debt (Jun 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)

Kofa

Bushfires in Kenya

Between 2021 and 2024, motorcycle sales in Kenya declined by nearly 76% on an absolute basis. This is the kind of back-breaking fall that breaks economies, bankrupts companies, and destroys fledgling startups.

Kofa Raises Pre-Series-A Funding

Of all the electric motorcycle and battery swapping players, Kofa is one of the youngest. Yet, we have found them very distinctive, forward-looking, and somewhat of a trailblazer. Now, the Ugandan firm has raised its pre-Series-A round.

BodaBodas Part Deux

With more highly populated African countries enhancing power generation and cleaning up their grids, electric mobility is finding a natural fit against high-cost oil. The BodaBodas open a huge market, potentially worth USD 7.5 bn

The most comprehensive deep dive into the electric two-wheeler and light-vehicle industry.

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