Ecobodaa, a Kenyan e-mobility startup, has raised a funding round of an undisclosed amount from Persistent Energy Capital, a VC firm that specializes in working with early-stage companies that provide essential products and services to customers in frontier markets.
Ecobodaa aims to provide commuters in African cities with more accessible, safer, connected, and environmentally sustainable modes of transportation. The startup works on a rent-to-own model so that its riders can eventually own the electric-powered motorcycles. Ecobodaa plans to use the investment to quicken its rate of growth.
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