The move is aimed at tackling air pollution and revolutionizing urban mobility in West Africa.
Over the next ten years, they plan to introduce 33,000 electric taxis, replacing combustion-powered vehicles with cleaner, more affordable options for both drivers and passengers.
While East Africa has seen a surge in electric mobility since 2015, West Africa lags behind.
Mbay Mobility seeks to bridge this gap, positioning these three cities as regional hubs for eco-friendly transportation.
The company successfully piloted 10 electric taxis in Senegal in 2022 and is now seeking additional financial partners to scale up the project.
“Dakar’s taxis, though few in number, contribute significantly to air pollution,” says Matthew Sellar, CEO of Mbay Mobility. “Our trials show electric vehicles work well, are loved by passengers and drivers, and offer substantial savings.”
By providing affordable, convenient electric taxis, Mbay Mobility’s vision extends beyond environmental impact, aiming to empower drivers, enhance passenger experience, and drive positive change across the region.
Fintech startup, Sycamore, has emerged as the grand winner of the second edition of the Nigeria Sovereign Investment Authority (NSIA) Prize for Innovation, securing a $100,000 prize.
Egyptian social commerce platform Taager has successfully raised $6.75 million in a pre-Series B funding round to accelerate its growth within the Middle East and North Africa (MENA) region and enhance its technological capabilities.
African Infrastructure Investment Managers (AIIM), Africa’s largest dedicated sustainable infrastructure equity manager, has successfully closed its fourth pan-African infrastructure fund, African Infrastructure Investment Fund 4 (AIIF4), with a total of USD748 million raised.
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