Series B3 extension · Mobility
Nithio backs MAX’s electric-vehicle expansion
The investment brings MAX’s Series B3 financing to $29 million in total.
Nithio announced financing for MAX on October 12, extending the mobility company’s Series B3 round to $29 million. The size and instrument of Nithio’s individual investment were not disclosed.
MAX will use the financing to deploy more electric two-wheelers from partners including Spiro and NOVR and expand charging and battery-swapping infrastructure. The Lagos company serves commercial drivers through vehicle and battery subscriptions.
Use of funds
Deploy electric two-wheelers
Expand charging and battery swapping
Funding history
Series B3 extension · This roundUndisclosed