
Egypt’s SETTLE Raises $2 Million Pre-Seed to Revolutionize B2B Payments
Egypt-based B2B payment platform, SETTLE, has secured $2 million in a pre-seed funding round.
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Nigerian electric mobility startup MAX has introduced its first solar-powered battery swap station, aiming to offer a clean and reliable energy solution for transport operators across West Africa.
This marks the startup’s latest effort to expand sustainable transport infrastructure in the region.
The system is fully powered by solar energy and designed to serve drivers and businesses that rely on electric vehicles.
The new battery station uses a 20kWp solar photovoltaic (PV) array, a 24kW inverter, and a 30kWh battery bank.
This setup supplies energy to the battery swap unit during daylight hours and stores extra power for use at night or during periods of low sunlight.
According to the company, the station can operate continuously, providing 24-hour battery swap services.
MAX operates in Nigeria, Ghana, and Cameroon, and provides electric vehicle access, battery swap options, and ownership services for commercial users.
The company says this new solar-powered station is part of a broader push to reduce dependence on the unstable power grid and move away from diesel generators, which are both costly and polluting.
Chinedu Azodoh, co-founder and president of MAX, said the initiative shows what is possible when clean energy meets practical needs.
“We’re showing that Africa can build resilient infrastructure that works for both people and the environment,” he said.
This station is just the beginning as MAX plans to roll out more solar-powered swap stations across West Africa to support the continent’s growing electric mobility sector.
Egypt-based B2B payment platform, SETTLE, has secured $2 million in a pre-seed funding round.
Egyptian logistics startup Bosta is gearing up for further expansion after securing a fresh investment from Axian Group, a pan-African group and investment firm.
Kenyan renewable energy startup Hydrobox has secured $9 million in debt funding to expand its small hydro projects, delivering affordable and reliable electricity to underserved communities in Kenya.