- Opibus has raised $7.5m in its first financing round.
- The company plans to use the funds to mass-produce its electric motorcycles in 2022.
Swedish-Kenyan E-mobility company Opibus has raised $7.5 million in its first-round financing, the largest for an E-mobility company in Sub-Saharan Africa. The round was led by At One Ventures and comprised of $5m in equity and $2.5m. The funds will enable Opibus to scale the manufacturing of its E-mobility vehicles in 2022.
CEO and co-founder Filip Gardler, speaking about the financing, states: “We are proud to be backed by globally recognized investors providing a balance between deep-tech and emerging market expertise. We have together reached a clear strategic and visionary alignment – with the conviction that mass manufacturing of electric mobility solutions in Africa will not only make the products more accessible and affordable but also lead to one of the largest industrialization and welfare transitions of the region in modern time.”
Opibus is looking to commence mass production of the first African-made electric motorcycle. The company believes that its products will help reduce air and noise pollution across the streets of Kenya. In addition, the company is looking to expand to six African countries with its products. Opibus is also converting 51-seat public transport buses to electric buses.