Opibus, a Kenyan-based electric mobility startup has secured US$7.5 million to expand its operations. The fund is made up of US$5 million in equity and US$2.5 million in grants.
The funding round was led by Silicon Valley fund At One Ventures with participation from Ambo Ventures and Factor Ventures.
The startup founded in 2017, is Kenya’s top provider of electric-powered vehicles built locally.
Opibus aims to build dependable and affordable products specifically for the African large populace.
Having launched in six African countries, the startup has drastically reduced the emission of Carbon(IV)oxide (CO2 ) by 94 percent while also reducing operational expenditures by over 6o percent.
Its proprietary technology allows vehicles like trucks and buses to get converted to electric-powered mobility machines. This reduces operational costs and resources to be expended.
Opibus motorcycle however is specifically built for the African terrain, leveraging a double swappable battery compartment that provides a product fit for the market.
Filip Gardler, chief executive officer (CEO) and co-founder of Opibus said:
“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,”
According to him, the objectives for Opibus appear very ambitious, nevertheless, the mission has become very essential.
“We have a responsibility to the coming generations and the earth as a whole.”, he added
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