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.
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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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