British International Investment is the UK's development finance institution, investing in sustainable businesses.
African EV Startup ARC Ride Raises $33 Million to Expand Battery-Swapping Network
ARC Ride raised $33.3 million for expanding battery-swapping stations across Africa. The funding round is one of the largest for an electric mobility company in Africa.
Talstack partners BII, Ventures Platform to teach ESG to African startups
Talstack launched an ESG programme in partnership with British International Investment and Ventures Platform. The programme offers courses designed for founders and startup teams on ESG practices.
Ethiopia-based Dodai raises $13 million to expand battery-swapping EV network
Dodai closed a $13 million Series A funding round to expand its electric motorbike and battery-swapping network in Addis Ababa. The funding includes $8 million in equity and $5 million in debt, with participation from various investors including British International Investment.
Novastar Ventures closes $147 million fund for African startups
Novastar Ventures closed its third fund, raising $147 million. The fund is named Africa People and Planet Fund III.
Novastar Ventures closes $147 million fund for African startups
Novastar Ventures closed its third fund, raising $147 million for the Africa People and Planet Fund III. The new fund is a 40% increase from the previous fund, which closed at $108 million in May 2020.
