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OPPO A6 Pro Launches in Nigeria with 7,000mAh Battery and Military-Grade Durability Most Expensive Android Phones in Nigeria 2026: Features, Prices, and Value Unity Bank Launches Unifi 2.3 Mobile App Update With Enhanced Security and Payments Edo State Introduces *668# USSD Code for Easy Tax ID Registration Ahead of 2026 Nigerian Tax Acts Rollout Nigeria Leads Global AI Adoption With 88% of Adults Using Chatbots — Google Report Nigeria’s Bosun Tijani Named on TIME100 AI List Alongside Elon Musk and Sam Altman FG Launches 3MTT National Impact Challenge to Benefit Over 1.8 Million Nigerians FG Partners MTN, Airtel, Others to Empower 8,000 Teachers With Free Internet and Mobile Devices MTN, Airtel Restore Mobile Money Services in Uganda After Seven-Day Shutdown NCC Invites Stakeholders to Participate in Internet and Licensing Regulation Reviews NCC Licenses Six New ISPs as Competition Intensifies in Nigeria’s Internet Market Funding Gap Threatens Nigeria’s AI Growth Despite Strong Implementation – Report Nigeria Emerges as Global Leader in AI Adoption, Google–Ipsos Report Finds Gates Foundation, OpenAI Launch $50m AI Program to Strengthen African Health Systems Gates Foundation, OpenAI Launch $50m AI Program to Strengthen African Health Systems What the 7.5% VAT on Banking Transactions Really Means for Your Money What the 7.5% VAT on Banking Transactions Really Means for Your Money FG to Deploy 30km Fibre-Optic Network at OAU to Boost Campus Internet Access FG to Deploy 30km Fibre-Optic Network at OAU to Boost Campus Internet Access Kenya Orders Uber and Bolt to Raise Fares by 50% After Drivers’ Protest Over Low Earnings Airport Taxi vs E-Hailing Services: How Bolt Secured a Foothold at Nigerian Airports Brand Battle Brews Between Zap Africa and Paystack Over ‘Zap’ Trademark in Nigeria’s Fintech Arena Paystack Marks 10 Years, Launches New Parent Company The Stack Group GCR Upgrades FairMoney’s Credit Rating as Fintech Posts Strong 2024 Revenue Growth FairMoney Disburses ₦150 Billion in Loans, Pays ₦7 Billion Interest to Savers in One Year Paga Processes ₦17 Trillion in 169 Million Transactions in 2025, CEO Reveals Paga Processes ₦17 Trillion in 169 Million Transactions in 2025, CEO Reveals Safaricom Named Africa’s Most Admired Brand at 2025 Brand Africa Awards Safaricom to Launch Pay-As-You-Go Fibre Internet Pricing in Kenya Ghana Arrests Nine Nigerians in Accra Over Suspected Cybercrime, Rescues 44 Victims Ghana Arrests Nine Nigerians in Accra Over Suspected Cybercrime, Rescues 44 Victims Taraba State Launches Criminal Case E-Filing Portal to Digitise High Court Proceedings Taraba State Launches Criminal Case E-Filing Portal to Digitise High Court Proceedings Elon Musk Accuses Apple of Favoring OpenAI in App Store Rankings, Threatens Legal Action Elon Musk Seeks Up to $134 Billion in Damages From OpenAI and Microsoft Over Nonprofit Dispute Below is a **clean, SEO-optimized, publication-ready version** of your article with a strong headline, structured subheads, and a concise meta description. --- ## **SEO Title:** MAX Raises $24 Million to Scale Electric Mobility and Driver Financing Across Africa ## **Meta Description:** Nigerian mobility startup MAX has secured $24 million in equity and debt funding to expand its electric vehicle fleet, battery-swapping infrastructure, and clean mobility operations across Africa. --- ## **MAX Secures $24 Million to Expand Electric Mobility in Africa** Metro Africa Xpress (MAX), a Nigerian mobility financing startup, has raised **$24 million** in a combined **equity and debt** funding round as it accelerates its transition toward electric and clean mobility solutions. According to a report by TechCabal, the funding round includes equity investments from **Equitane DMCC**, **Novastar**, and **Endeavor Catalyst**, alongside asset-backed debt provided by the **Energy Entrepreneurs Growth Fund (EEGF)** and other development finance partners. --- ## **Funding to Power Electric Vehicles and Clean Energy Infrastructure** MAX said the fresh capital will be used to: * Scale its **electric vehicle (EV) fleet** * Expand **battery-swapping networks** and clean energy infrastructure * Strengthen its **proprietary fleet management and IoT systems** * Support **regional expansion across West and Central Africa** The company added that the funding supports its long-term goal of enabling **250,000 drivers by 2027** and surpassing **$150 million in annual recurring revenue**. --- ## **CEO: Funding Will Accelerate Pan-African Expansion** Commenting on the raise, MAX co-founder and CEO **Adetayo Bamiduro** said the new capital positions the company to scale faster while deepening its clean mobility footprint across the continent. “This capital allows us to scale faster, deepen clean energy infrastructure, and build a truly pan-African mobility platform that expands access, lowers costs, and delivers durable impact,” Bamiduro said. --- ## **MAX Reaches Profitability in Nigeria** MAX also confirmed that it has achieved **profitability in Nigeria**, a significant milestone in a sector where only a small number of mobility and asset-financing companies have demonstrated sustainable unit economics. “Profitability in Nigeria proves that electric mobility in Africa is not a future concept. It is viable, scalable, and investable today,” Bamiduro added. The achievement places MAX among a growing group of African mobility startups showing that clean transport models can succeed despite challenging operating conditions. --- ## **Strong Funding History and Investor Confidence** Before this latest raise, MAX secured **$31 million in Series B funding in 2021**, led by **Lightrock** and **Global Ventures**, to support its Africa-wide expansion and EV infrastructure rollout. The company also extended vehicle financing credit to more than **100,000 drivers** during that phase. Earlier, MAX raised over **$40 million in institutional debt** for driver financing and leveraged bonds and venture capital to scale its asset-financing and mobility operations. --- ## **Electric Mobility Gains Momentum in Africa** The latest funding round reflects growing investor confidence in MAX’s evolution from a traditional vehicle financing company into an **integrated electric mobility platform**. This transition aligns with broader trends across Africa’s transport sector, where **volatile fuel prices** and rising operating costs are making **electric two- and three-wheelers** increasingly attractive for commercial drivers and fleet operators. As Africa’s electric mobility ecosystem continues to mature, MAX is positioning itself at the intersection of **financing, technology, and clean energy-powered transportation**. --- If you want, I can also: * Shorten this for **venture funding trackers** * Localize it for **Nigeria-only or Africa-wide audiences** * Rewrite it for **investor newsletters, LinkedIn, or Google Discover** MAX Raises $24 Million to Scale Electric Mobility and Driver Financing Across Africa AI Is Forcing Workers to Learn New Skills as Job Markets Rapidly Change, IMF Warns AI Is Forcing Workers to Learn New Skills as Job Markets Rapidly Change, IMF Warns

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