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Ghana’s electric mobility sector has received a fresh boost as Sahara Impact Ventures confirmed a new investment in Wahu Mobility, a home-grown e-mobility startup working to replace petrol-powered transport across African cities.
Wahu began its journey by converting regular bicycles into electric versions before expanding into a larger mobility company.
It now designs and assembles electric bikes built specifically for Africa’s road conditions, while offering leasing arrangements that make it easier for businesses to transition their fleets from fuel-driven motorcycles and bicycles to electric options.
The company also embeds technology into its operations, providing tools for fleet monitoring and support for riders who rely on the bikes for daily transport and logistics work.
In its announcement, Sahara Impact Ventures said the investment reflects its focus on early-stage companies addressing long-standing challenges across the continent.
The firm pointed to worsening urban congestion, rising fuel expenses, and projections that transport-related emissions in Africa could triple by 2050 as indicators of why solutions such as Wahu’s are urgently needed.
According to the firm, Wahu stands out for its blend of local manufacturing, tech-enabled fleet management and support systems designed for both individuals and enterprises.
The new funding is expected to strengthen Wahu Mobility’s capacity to expand production, grow its leasing portfolio, and deepen its rider-support network—part of a broader push to make electric mobility more accessible and practical for African markets.
The European Bank for Reconstruction and Development (EBRD) is considering an investment of up to €40 million in Amethis MENA Fund III, a new private equity vehicle focused on supporting the growth of small and medium-sized businesses across North Africa and parts of the Middle East.
To help small and medium-sized businesses in Africa access the financing they need, the International Finance Corporation (IFC) and investment firm TLG Capital have launched a new private credit initiative.
African Infrastructure Investment Managers (AIIM), Africa’s largest dedicated sustainable infrastructure equity manager, has successfully closed its fourth pan-African infrastructure fund, African Infrastructure Investment Fund 4 (AIIF4), with a total of USD748 million raised.
