African Startups · Funding signal

Nithio backs MAX as $29 million funding round accelerates electric mobility expansion across Africa

Nithio backs MAX as $29 million funding round accelerates electric mobility expansion across Africa — the desk wire, 16 October 2026. Nithio has invested in MAX, extending the Nigerian electric mobility company’s Series B3 funding round to $29 million as it scales electric two-wheelers, solar-powered charging and battery-swapping infrastructure across African markets. The financing will support MAX’s rollout of electric motorcycles through original equipment manufacturer (OEM) partners Spiro and NOVR, alongside the expansion of its charging …

Updated 16 October 2026 · First published 16 October 2026

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