Shocking moves?

With Funders On The Throttle, African E-Mobility Is Going Twice As Fast

By  |  April 23, 2021

Lagos-based Persistent Energy is a VC which usually invests in solar startups like Daystar Power, Oolu, Zonful Energy, Solarworks!, and Resource. But for the second time a little off the rail, the impact venture builder has backed an African e-mobility company.

Persistent first invested in East Africa's Asobo—a social enterprise that provides e-mobility solutions on the water in emerging markets—in 2019.

With fresh backing for Ecobodaa—a startup that provides affordable, connected and lease-to-own electric motorcycle taxis (boda bodas) to riders in Nairobi—the investor is starting to show "persistence" for electric mobility in Africa.

WeeTracker had an exclusive interview with Toukam Ngoufanke, Principal and Venture Builder at Persistent Energy. He talks about Persistent's interest in African e-mobility and the potential of the market in East Africa.

Courtesy: Persistent Energy

Is the time finally right to invest in African e-mobility? 

Most Read

‘Mobile Loan Sharks’ And ‘Social Shaming’ Invade Nigeria Unchallenged

Can anything really top that one time when a local lender in China

Inside The Ironically Quiet Reef Of A Stealthy Nigerian Agritech

The online world is now next to reality; thanks to an unprecedentedly disruptive

The Untrod Chronicles Of The On Song But Unsung ‘African Tech Mafia’

As the story goes, Mitchell Elegbe – born to a single mother following