Description
Mobility for Africa is registered in Mauritius, with operations in Zimbabwe. It aims to transform rural African agriculture by deploying efficient, cost-effective, carbon-friendly electric mobility solutions by using a fleet management system that caters to the transport needs of rural communities using an off-grid battery swapping system.
Market Opportunity/ Problem
Mobility for Africa (MFA) produces low-cost renewable electric tricycles built for rural off-road environments as an agricultural logistics solution to enable last mile distribution of agricultural inputs and outputs. The critical target market for Mobility for Africa is women living under US$5 per day. The renewable energy powered tricycles enable women to transport their produce to markets where they can get a better price, and transport raw materials for their production activities. Additionally, women can earn further income from charging to transport individuals to and from markets.
Company Information
Years of operation
2
Type of organization
Private company
Stage of the business
Early stage/ Startup
Agribusiness focus
Enabling (Transport/logistics)
Agriculture value chain(s) focus?
Food crops
Primary country of operation
Zimbabwe
Other country(ies) of operation
Opportunities in Zambia, Tanzania, Benin, Burundi and South Africa
How many employees does your business have?
15
Does the business have more than 30% women ownership?
Yes
Does the business have more than 30% youth ownership (under 35 years)?
Yes
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
>1m
What is the split between equity and debt?
100% equity