Lagos-based mobility startup Metro Africa Xpress (MAX) has secured $24 million in equity and debt funding to scale its electric vehicle financing operations across West and Central Africa.
The funding follows MAX’s achievement of profitability in Nigeria and will be used to expand its electric vehicle fleet, build charging and battery-swap infrastructure, and strengthen its digital fleet management platform.
Founded in 2015, MAX provides vehicle financing and technology solutions that enable drivers to own vehicles through flexible repayment plans. The company’s growing focus on electric mobility aligns with rising demand for affordable and sustainable transport across Africa. Visit www.jocomms.com for more news.