Storyline
MAX Hits $29M, Eyes West Africa
Timeline
- Sat, Oct 17LatestUnverified — not yet reviewed
MAX Extends Series B3 to $29 Million With Nithio Backing for E-Mobility Expansion
Nigerian electric-mobility startup MAX has extended its Series B3 funding round to $29 million, with climate fintech Nithio joining as a backer. The capital is intended to fund EV financing, battery-swap infrastructure and solar charging expansion across multiple African markets, with MAX reporting it has reached profitability.
- Fri, Oct 16Unverified — not yet reviewed
Nithio Backs Profitable Nigerian EV Startup MAX at $29 Million Series B3
Climate fintech Nithio has made its second African e-mobility investment by backing Nigerian EV startup MAX as part of a $29 million Series B3 round. MAX's reported profitability is being highlighted as an unusual positive signal in a sector where sustainable unit economics have been elusive.
- Thu, Oct 15Unverified — not yet reviewed
Nigerian E-Mobility Startup MAX Extends Series B3 to $29 Million With Climate Fintech Nithio
Nigerian electric-mobility startup MAX has extended its Series B3 funding round to $29 million, with climate fintech Nithio among the backers, according to company disclosures. The round is intended to fund EV financing and battery-swap expansion across West Africa, with MAX reporting it has reached profitability.