Nithio Invests in MAX as Series B3 Funding Round Reaches $29 Million

Nithio has provided financing to MAX, extending the Nigerian mobility company’s Series B3 funding round to $29 million as it expands its electric mobility solutions and clean energy infrastructure across Africa. The investment will support MAX’s deployment of electric two-wheelers through original equipment manufacturer (OEM) partners, including Spiro and NOVR, as well as the expansion of its solar-powered charging and battery-swapping network across existing and new markets.