Zeno, a key player in the electric vehicle sector in East Africa, has recently announced a major milestone in its growth journey. The company has successfully raised $25 million in a Series A funding round to further develop its app-controlled battery-swap network and increase production of its popular Emara motorcycles.

The funding round was led by Congruent Ventures, with additional contributions from Active Impact, Lowercarbon Ventures, Camber Road, and Trifecta Capital. Zeno’s CEO, Michael Spencer, revealed that $20.5 million was raised through equity, while the remaining $4.5 million came in the form of a debt facility.

This Series A funding follows a successful $9.5 million seed round led by Lowercarbon Ventures and Toyota Ventures. Since emerging from stealth mode eighteen months ago, Zeno has made significant strides, producing over 800 Emara motorbikes and establishing 150 charging locations across four East African countries.

Zeno’s Emara motorcycles are gaining traction in the region due to their affordability and efficiency. The company aims to offer 50% lower operating costs compared to traditional internal combustion bikes, attracting both retail and fleet customers. With a growing demand of over 25,000 customers, Zeno is currently producing 70 to 80 bikes per week to meet market needs.

The Emara boasts a range of 100 kilometers on a single charge and a carrying capacity of 250 kilograms. Priced at approximately $1,300 without a battery and $2,000 with one, the bike provides 8 kilowatts of peak power, equivalent to a 150 cc internal combustion engine.

One of the key features of the Emara is its ability to tackle steep hills even when fully loaded, catering to bodaboda operators who transport passengers and cargo. Customers have the option to subscribe to a monthly or pay-per-use plan for battery usage, with the flexibility to charge their bikes at home or at Zeno’s swap stations.

In a move to enhance customer experience, Zeno offers a range of accessories and wraps for customization. Additionally, the company is developing a battery dock that can power lights and appliances for residential and commercial use. The prototype is currently undergoing testing with a select group of customers.

Zeno’s innovative approach extends beyond electric bikes, as the company aims to address energy challenges in the region. By introducing modular battery solutions like the battery dock, Zeno hopes to establish a foothold in East Africa’s evolving power infrastructure. With a focus on portable and sustainable energy products, Zeno aligns with the growing demand for reliable and efficient power sources in the region.

Michael Spencer, inspired by Tesla’s vision, envisions a future where EVs and clean energy solutions are widely adopted in emerging markets like East Africa. With a strong foundation and strategic partnerships, Zeno is well-positioned to drive the electric vehicle revolution in the region.