In today’s menu 🥘

💰 Roam Secures $24 Million in Series A Funding to Accelerate Electric Vehicle Production in Kenya
🥽 After trying the Apple Vision Pro, Mark Zuckerberg says Quest 3 is the better product
🏦 Carbon expands Portfolio with Acquisition of Vella Finance, Launches AI-Driven Business Banking Platform

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💰 INVESTMENTS

Roam Secures $24 Million in Series A Funding to Accelerate Electric Vehicle Production in Kenya

In a recent Series A funding round, Roam, a Kenyan electric vehicle (EV) startup, has successfully raised $24 million, with a significant $10 million debt commitment from the U.S International Development Finance Corporation (DFC). The funding is earmarked for expanding the production of electric motorcycles and buses, marking a significant milestone for the company.

Founded in 2017 by Albin Wilson, Filip Lövström, and Mikael Gånge, Roam initially focused on EV conversions before transitioning to assembly in 2021 with substantial venture capital backing.

Roam’s strategic focus lies in scaling up production, particularly for its Move bus model, which was introduced last year. The company has recently established a larger motorcycle assembly plant, demonstrating its commitment to meeting the rising demand for electric vehicles in the region.........continue reading

Moroccan logistics startup, Logidoo, secures $1.55 million in seed funding to expand its cross-border logistics offerings

Logidoo, a logistics startup based in Morocco, has successfully raised $1.55 million in seed funding. The company’s aim is to scale up operations and increase its market share. The funding round was led by six venture capital firms, namely Maroc Numeric Fund II and Kalys Ventures from Morocco, 216 Capital from Tunisia, Gullit VC from Ethiopia, Founders Factory Africa from Nigeria, and Sunny Side Venture Partners from Egypt-Japan.

Logidoo’s announced its plans of expansion in 2023, intending to extend its franchise network to an additional five African nations with the help of the newly raised funding……continue reading

TRAININGS
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🥽 VIRTUAL REALITY

After trying the Apple Vision Pro, Mark Zuckerberg says Quest 3 is the better product

Mark Zuckerberg, founder, chairman and CEO of Meta, believes that his company’s virtual reality product, the Meta Quest 3 is better than the Apple Vision Pro. He revealed this in an Instagram video filmed with the Quest 3 VR headset after testing the Vision Pro.

According to him, “we tried Apple’s vision pro and you know I have to say that before this I expected that quest would be the better value for most people since it’s really good and it’s like 7 times less expensive but after using it, I don’t just think that quest is the better value, I think the quest is the better product.”

Zuckerberg said he was impressed with some of its features, such as its high-resolution display. He did, however, say that the Quest 3 was more comfortable, had a larger field of view, and was better suited to a range of pursuits, including gaming, socializing, and working out......continue reading

OTHER STORIES

• Carbon expands Portfolio with Acquisition of Vella Finance, Launches AI-Driven Business Banking Platform…..read more

• LASTMA launches ‘Ticket Alert’ for traffic compliance in Lagos…..read more

• Moniepoint and NITHub Unilag Launch Second Cohort of HatchDev Program to foster Top-Tier Software Engineers in Nigeria.….read more

• Ted Oladele, former VP at Flutterwave, introduces Mira, a new system for ordering and paying at restaurants.…read more

• In 2023, Flutterwave made an investment in PiggyVest’s parent company….read more

• MasterCard announces Folasade Femi-Lawal as Head for West Africa in Strategic Move….read more

• Y Combinator launches YC Summer 2024 Batch, Unveils Ambitious List of Startup Sectors….read more