Africa50 is an infrastructure investment fund that led BasiGo's funding round, focusing on supporting innovative projects in Africa.
Funding Trends in African E-Mobility Startups
African startups raised $2.21 billion across 488 deals in 2024, with mobility startups securing $178.6 million. Kenya leads East Africa in electrifying commercial vehicles, supported by a robust renewable energy infrastructure.
BasiGo Raises $42M to Accelerate Public Transport Electrification Across Sub-Saharan Africa
BasiGo raised $24 million in Series A equity funding. The funding round was led by Africa50 and included co-investments from multiple firms.
Kenyan E-mobility Startup BasiGo Completes Series A Round of USD 42 M
BasiGo completes USD 42 million Series A funding round. Funding includes USD 24 million in equity and USD 17.5 million in debt facilities.
Zeepay, a Fintech Company from Ghana, Secures Investment to Fuel Growth
Zeepay has secured equity funding from prominent pan-African investment groups. The specific amount and stage of the investment are undisclosed.
Zeepay secures equity investment for expansion.
Zeepay Ghana Ltd has secured an equity investment from Africa50, Oikocredit, Injaro, Verdant Capital Hybrid Fund, and I&P. The investment will fuel Zeepay's expansion across Africa and the Caribbean.
