New Investments
Mtor Secures $2.8 Million Pre-Seed Funding to Revolutionize Egypt's Automotive Aftermarket Industry
Founded just a year ago, Mtor boasts a team with extensive expertise in tech, automotive, and logistics.
The current automotive aftermarket in Egypt suffers from a fragmented and inefficient supply chain.
The latest funding will be used to enhance Mtor’s product offerings, digitize local car workshops, and eliminate major inefficiencies in Egypt’s and the region’s automotive spare parts supply chain.
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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
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