Kenyan Mobility Startup Opibus Raises USD 7.5 Mn Funding Round

Opibus, a Kenyan-based electric mobility startup, has raised USD 7.5 Mn in equity and grant funding to help it expand its electric motorcycle and bus manufacturing operations. The round was led by Silicon Valley fund At One Ventures, and further supported by Factor[e]Ventures and Ambo Ventures. It consists of USD 5 Mn in equity and USD 2.5 Mn in additional grants.

Opibus is the leading provider of electric vehicles designed and manufactured locally. Its vision is to create reliable and cost-effective products designed for the pan-African mass market. The motorcycle is fully designed and tailored for local use cases, with a robust frame and dual swappable battery packs providing a perfect product-market fit, intended to maximize local content.