Nigerian E-Mobility Startup MAX Secures Nithio Funding, Raises Series B3 Round to $29 Million

Nigerian electric mobility startup MAX has secured fresh financing from US-based climate investment firm Nithio , increasing its Series B3 funding round to $29 million as the company accelerates its expansion across Africa. The investment, announced by Nithio on October 12, 2026 , will support MAX’s efforts to provide affordable, environmentally friendly transportation solutions across West and Central Africa. However, the exact amount contributed by Nithio was not disclosed.