New Investments
Nigerian Automotive Startup Mecho Autotech Raises $2.4M Pre-Series A for Expansion
Founded in 2021, the company provides a platform that connects vehicle owners with workshops that handle vehicle repairs and maintenance.
The company’s pre-Series A funding will be used to expand its wholesale spare parts distribution business.
The Nigerian automotive market is expected to grow at a CAGR of 10% over the next five years.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“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.
You may also like...
Ivorian Fintech Djamo Raises $17 Million to Expand Financial Services in Francophone Africa
Ivorian fintech company Djamo has raised $17 million in a new funding round to expand its financial services across Francophone Africa.
Nigeria’s Yikodeen Raises $1.5 Million Investment from Aruwa Capital to Expand Safety Footwear Production
Nigerian safety footwear manufacturer Yikodeen has secured a $1.5 million investment from Aruwa Capital Management to enhance its production capabilities and broaden its market reach.
African Agri-Food Startups Invited to Apply for THRIVE Global Accelerator Program
African agri-food startups can now apply for the THRIVE Global Accelerator Program, a 12-week program designed to support seed through Series A companies and prepare them for growth and scalability.