Nithio has announced a $29 million investment in MAX, an African startup focused on electric mobility. The funding extends MAX's Series B3 round, supporting the development of electric motorcycles, solar energy solutions, and battery-swapping infrastructure. The investment aims to accelerate the adoption of sustainable transportation across the continent.
MAX, based in Kenya, has been expanding its operations in several African countries. The new funding will be used to scale production, enhance charging networks, and improve battery-swapping stations. The company has already deployed electric motorcycles in cities such as Nairobi and Lagos.
The investment comes as part of a growing trend of private sector involvement in sustainable transport in Africa. With rising urban populations and increasing environmental concerns, companies like MAX are positioning themselves to meet the demand for cleaner, more efficient transportation options. The move also reflects a broader shift toward renewable energy and green technology in the region.
