A vehicle manufacturer in Kenya that was recently acquired, marking a notable exit in the logistics and mobility sector.
Same deals, $102 million less cash: Africa’s logistics and transport funding in Q1 2025
Thirteen logistics and mobility startups raised funding in Q1 2025, matching the number of deals from Q1 2024. Total funding for these startups plummeted to $44.9 million, a 69% decrease from the previous year's $146 million.
Kenyan Automaker Mobius Motors Accepts Acquisition Offer Amid Shutdown
Mobius Motors has accepted an acquisition offer from an undisclosed buyer. The interested buyer may be eyeing Mobius' assembly plant in Nairobi.
Mobius Motors secures a 100% acquisition deal days after announcing its shutdown
Mobius Motors has accepted an acquisition offer from an undisclosed buyer. The transaction is expected to be completed within 30 days.
Kenyan mobility startup Mobius to shut down following failed year-long recovery efforts
Mobius Motors is set to shut down operations and enter voluntary liquidation. A creditors' meeting has been scheduled to approve a liquidator to oversee the process.
Mobius, maker of low-priced SUVs for startups, to shutdown
Mobius Motors has entered voluntary liquidation after failed rescue efforts. The company struggled to settle suppliers and pay salaries as debts rose.
