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Zeno raises $25M to speed up production of its battery-swap motorbikes | TechCrunch

TechCrunch·Tim De Chant·6 months ago
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The EV transition might have hit a hurdle in the U.S., but it’s not slowing down in East Africa, where several startups are vying for a piece of the burgeoning electric motorbike market. Zeno is one of those companies, and this week it announced a $25 million Series A to expand its app-controlled battery-swap network and produce more of its Emara motorcycles. About $20.5 million of the total was an equity fundraise, Zeno co-founder and CEO Michael Spencer told TechCrunch. It was led by Congruent Ventures with participation from Active Impact and Lowercarbon Capital. The remaining $4.5 million is a debt facility from Camber Road and Trifecta Capital. Zeno had previously raised a $9.5 million seed round led by Lowercarbon Ventures and Toyota Ventures. Since emerging from stealth a year and a half ago , Zeno has built more than 800 of its Emara motorbikes and set up more than 150 charging locations across four cities in Kenya and Uganda.…

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