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SA Edtech HyperionDev Secures $5 Million in Funding to Drive Tech Skills

New Investments

SA Edtech HyperionDev Secures $5 Million in Funding to Drive Tech Skills

South African tech education provider HyperionDev announced securing R95 million (approximately $5 million) in a new funding round. This latest investment brings the company’s total growth capital to R595 million ($31.1 million).

The identity of the investors remains undisclosed, but HyperionDev revealed the participation of 23 backers from various countries. The company plans to utilize the funds to bolster its presence in South Africa and the United Kingdom, while also entering new markets.

“This funding marks a significant chapter for HyperionDev,” said Riaz Moola, founder and CEO of the company. “It underscores the critical need for global skills development in today’s digital age.”

Moola highlighted HyperionDev’s existing partnerships with universities like Stellenbosch University in South Africa and Imperial College London in the UK.

He also mentioned new collaborations in North America, France, and Spain. These alliances, according to Moola, have solidified HyperionDev’s position as a frontrunner in global tech education.

The funding will also support the expansion of HyperionDev’s educational offerings and scholarship programs, including the HyperionDev Academy.

Emphasizing their commitment to South Africa, Moola stated, “We are actively seeking to partner with more universities nationwide and collaborate with the government to strengthen digital skills development and improve employability across the country.”

Founded in 2012, HyperionDev offers specialized, mentored coding bootcamps, both online and on-site at its campuses. These programs equip students with job-ready tech skills for careers in the technology sector.

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Bolt, MKOPA Partner to Launch Electric Motorcycles in Kenya

Key Developments

Bolt, MKOPA Partner to Launch Electric Motorcycles in Kenya

Ride-hailing company Bolt has introduced electric motorcycles to its Kenyan fleet.

This initiative comes through partnerships with electric vehicle manufacturers Roam Electric and Ampersand, alongside financing company M-KOPA.

The program offers new and existing Bolt drivers access to discounted leasing options for the ROAM and Ampersand electric motorbikes.

This strategic move aims to empower drivers by reducing operational costs and aligning with global efforts to combat climate change.

“We’re thrilled to introduce electric bikes, furthering our commitment to supporting drivers and offering eco-friendly transportation in Kenya,” said Caroline Wanjihia, Bolt’s Regional Director of Ride-Hailing Operations for Africa and International Markets.

“By embracing electric vehicles, we’re not only minimizing our environmental footprint but also aiming to improve driver earnings and economic stability within the communities we serve.”

Bolt aims to have 1,000 electric motorcycles operational by year-end, with a target of over 5,000 within the next two years.

This rollout complements Kenya’s recently launched National E-mobility Policy, which promotes local EV production and assembly.

These electric motorcycles offer significant advantages for drivers. With zero tailpipe emissions and lower maintenance needs compared to traditional fuel-powered vehicles, they present a cost-effective alternative, maximizing driver earnings while minimizing expenses.

David Damberger, Managing Director of M-KOPA Mobility, emphasized the company’s commitment to making electric motorbikes accessible through affordable financing solutions, particularly for underbanked individuals.

“This collaboration is a major step forward,” said Damberger. “Since launching our Mobility division in 2022, we’ve made significant progress with ROAM and Ampersand.”

Bolt’s commitment to environmental responsibility extends beyond this new initiative. Since 2019, the company has invested in projects focused on renewable energy and resource conservation.

In 2021, they introduced the Bolt Green ride category, featuring hybrid and electric cars in Nairobi to offer eco-friendly transportation options and reduce their ecological footprint.

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