E-mobility start-up Mana looks to AIF for Series A round
Co-Founder and CEO of Mana Mobility, Valerie Labi, says the company plans to raise about 6 million dollars in series a round from the African Investment Forum. Speaking to CNBC Africa's Kenneth Igbomor, Labi stresses that e-mobility is Africa's next big sector.
Tue, 08 Nov 2022 14:52:37 GMT
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AI Generated Summary
- The significant investment of $6 million from the African Investment Forum in Mana Mobility's Series A round highlights the growing interest and potential in e-mobility in Africa.
- Mana Mobility's unique business model focuses on enabling everyday Africans to access sustainable transportation solutions through a subscription-based platform, earning carbon credits and additional income.
- Labi's emphasis on local material sourcing, seamless after-sales services, and a battery swap model underscores Mana Mobility's commitment to sustainability and customer satisfaction in challenging electricity environments.
E-mobility in Africa is set to receive a significant boost as Mana Mobility, the continent's only electric vehicle manufacturer, secures a $6 million investment in its Series A round from the African Investment Forum. Co-Founder and CEO Valerie Labi shared the company's ambitious plans during an interview with CNBC Africa's Kenneth Igbomor. Labi emphasized the growing importance of e-mobility in Africa, highlighting the inevitable shift towards sustainable transportation. Mana Mobility, based in Ghana, specializes in designing and manufacturing electric bikes, electric trikes, and electric cars with their proprietary technology. The company's unique business model focuses on enabling everyday Africans to access electric vehicles through a subscription-based platform, allowing them to earn carbon credits and additional income through delivery and taxi services. Labi's pitch at the Africa Investment Forum attracted a positive response from investors who recognize the potential of e-mobility as the next big sector in Africa. The company's commitment to sourcing materials locally and providing seamless after-sales services, including a battery swap model for their vehicles, ensures sustainable operations and customer satisfaction in a challenging electricity landscape. Mana Mobility's innovative approach to e-mobility positions them as a key player in shaping the future of transportation in Africa.
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