Ethiopia-based Dodai raises $13 million to expand battery-swapping EV network
Dodai, an Ethiopia-based electric mobility company that focuses on electric two-wheelers, has closed its $13 million Series A funding round to expand its electric motorbike and battery-swapping network across Addis Ababa. The round includes $8 million in equity and $5 million in debt, with participation from Value Chain Innovation Fund, UTokyo Innovation Platform Co., Nagase, Persistent Energy, For Seasons, CBC Co., Ltd, Inclusion Japan (ICJ), and debt financing from British International Inve...






