Everlectric marks successful exit from Edge Growth’s Vumela Fund

South African electric vehicle (EV) pioneer Everlectric has officially announced its successful exit from the Vumela Fund , a growth capital vehicle managed by Edge Growth. The exit marks the completion of a highly effective venture debt partnership that provided crucial working capital, enabling the EV startup to significantly scale its commercial fleet operations and fulfill larger enterprise contracts. Everlectric’s Mission and Operational Expansion Founded in 2020 by Ndia Magadagela, Paul Pl