Browsing: cars manufacturing in Africa

Sub-Saharan Africa electric vehicle manufacturer Opibus has raised $7.5 million in funding led by Silicon Valley fund At One Ventures, further supported by Factor[e] Ventures and Ambo Ventures managed by former Google and Uber executives.

The investment is the largest ever in an electric mobility company in Sub-Saharan Africa and is aimed to scale its
operations in electric motorcycle and bus manufacturing.

Opibus, which has existing customers across 6 countries in Africa, is the leading provider of electric vehicles designed and manufactured locally. Its vision is to create reliable and cost-effective products designed for the pan-African mass market.

With several vehicles in different categories deployed, Opibus has reduced customer CO2 emissions by 94% and operational expenditures by more than 60%.

The company has a unique approach to both heavy electric vehicles and electric motorcycles. The proprietary powertrain enables existing heavy commercial vehicles such as buses and trucks to be converted …