E-Mobility Startup M Auto Raises Undisclosed Funding

M Auto, a ‘mobility as a service’ startup has raised undisclosed funding from Africa Transformation and Industrialisation Fund (ATIF), to launch in Togo and Benin.

M Auto’s mission seeks to provide access to innovative and sustainable electric mobility solutions to improve the quality of life of all African users. The platform uses a lease-to-own model for its green (zero carbon emissions), affordable (less than USD 2/day), digitally enabled (IoT enabled system), e-bikes, and offers an unparalleled mileage range via swappable charging battery stations.