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...
Digital Payments Platform TerraPay Secures $95 Million to Boost African Remittances
TerraPay, a digital payments platform focused on Africa, has announced a $95 million debt financing round to accelerate low-cost remittance transactions across the continent.
Kenya’s Farm to Feed Raises $1.5 Million to Tackle Food Waste and Build a Climate-Resilient Food System
Kenyan agri-tech startup Farm to Feed has secured a $1.5 million seed funding round to accelerate its operations and support the development of a more climate-resilient food system across Africa.
Egyptian EdTech Startups Schoolz and Ibn Sina Secure Investments from EdVentures
EdVentures, an Egyptian venture capital firm specializing in education technology, has announced six-figure investments in two Egyptian ed-tech startups—Schoolz and Ibn Sina Training Academy.