Nigeria’s Autochek raises $3.4M for car sales and service platform

Nigeria based startup Autochek looks to bring the sales and servicing of cars in Africa online. The newly founded venture has closed a $3.4 million seed-round co-led by TLcom Capital and 4DX ventures toward that aim. The raise comes fresh off of Autochek’s September acquisition of digital car sales marketplace Cheki in Nigeria and Ghana. […]

Zero’s SR/S doubles as an EV sport motorcycle and sport-tourer

Zero’s 2020 SR/S could be your EV sport bike or sport-tourer. Unveiled earlier this year, the all electric motorcycle brings performance attributes of both classes — with a unique list of pros and cons compared to gas-powered peers. The SR/S also adds to the business mission of its manufacturer, Zero. The California based EV company […]

Interswitch to revive its Africa venture fund, CEO confirms

Pan-African fintech company Interswitch plans to fire up its corporate venture arm again—according to CEO Mitchell Elegbe—who spoke at TechCrunch Disrupt on Wednesday. The Nigerian founder didn’t offer much new on the Lagos-based firm’s expected IPO, but he did reveal Interswitch will revive investments in African startups. Founded by Elegbe in 2002, Interswitch pioneered the […]

Triumph releases e-bicycle but no word on e-motorcycle debut

UK motorcycle manufacturer Triumph released an e-bicycle today, the Trekker GT — with 90 miles of riding range, a 250 watt motor and a 504 watt hour battery. With a five hour charge time, the bike weighs 52 pounds (24 kilograms) and can produce up to 60 Nm (or 29 ft-lbs) of torque. Triumph’s Trekker […]

Uber Africa launches Uber Cash with Flutterwave and explores EVs

Uber is launching its Uber Cash digital wallet feature in Sub-Saharan Africa through a partnership with San Francisco based — Nigerian founded — fintech firm Flutterwave. The arrangement will allow riders to top up Uber wallets using the dozens of remittance partners active on Flutterwave’s Pan-African network. Flutterwave operates as a B2B payments gateway network […]

The Sun Exchange raises $3M for crypto driven solar power in Africa

South Africa based renewable energy startup Sun Exchange has raised $3 million to close its Series A funding round totaling $4 million. The company operates a peer-to-peer, crypto enabled business that allows individuals anywhere in the world to invest in solar infrastructure in Africa. How’s that all work? “You as an individual are selling electricity […]

Africa’s top angel Tomi Davies eyes startups and co-investors

When Nigerian angel investor Tomi Davies backed his first company — Strika Entertainment in 2001 — he admits he wasn’t aware of his future role. “I was just helping out friends. I didn’t know it was angel investing. I didn’t know there was a structure to it,” he said. Seven years later, Davies received a […]

Vaya Africa launches electric ride-hail taxi network

Vaya Africa, a ride-hail mobility venture founded by Zimbabwean mogul Strive Masiyiwa, has launched an electric taxi service and charging network in Zimbabwe with plans to expand across the continent. The South Africa headquartered company has acquired a fleet of Nissan Leaf EVs and developed its own solar powered charging stations. The program goes live […]

DHL acquires stake in Link Commerce developed by MallforAfrica.com

DHL has acquired a minority stake in Link Commerce, a turn-key e-commerce company that grew out of MallforAfrica.com — a Nigerian digital-retail startup. Link Commerce offers a white-label solution for doing digital-sales in emerging markets. Retailers can plug into the company’s e-commerce platform to create a web-based storefront that manages payments and logistics. With the […]