Battery Startups in Africa

Overview Powered by AI

Battery market in East Africa facing intense competition. Local players like ABM struggling against imports from Asia. Local manufacturing lacks scale and cost competitiveness. Sector consolidation expected as smaller players seek alliances or exit.

Cummulative Funding

$12.2M+

Total # of Companies

2

Total Deal Count

2

Total M&A Count

0

Total # of Investors

2

List of Battery startups in Africa

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StartupOverviewLast roundTotal raisedFounded
1.

Associated Battery Manufacturers East Africa is the only largest battery and solar-power manufacturer in Kenya

Funding Round

$ 7,200,000

1963

2.

ARC Ride is providing the electric solution to mass-transportation in rapidly-growing African cities.

Venture

$ 5,000,000

2020

Founded

1963

Overview

Associated Battery Manufacturers East Africa is the only largest battery and solar-power manufacturer in Kenya

Last round

Funding Round

Total raised

$ 7,200,000

Employee

501-1000

ARC Ride

Founded

2020

Overview

ARC Ride is providing the electric solution to mass-transportation in rapidly-growing African cities.

Last round

Venture

Total raised

$ 5,000,000

Employee

11-50

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