MANA Mobility, German-Ghanaian enterprise creating an ecosystem for e-mobility solutions in Africa, has partnered with Cargo Bikes, e-mobility startup for a new joint venture.
The partnership will combine Cargo Bikes Africa’s expertise in electric bike design, production, and distribution models with MANA Mobility’s experience in manufacturing and global supply chain management as well as app development. The combined entity will be able to produce electric vehicles that meet the needs of African roads and customers.
MANA Mobility Germany’s CEO, Peter Schwarzenbauer (a former Member of the Board of BMW AG) said: “We are thrilled to be joining forces with Cargo Bikes Africa. It is a company that shares our vision of creating a world where everyone can access affordable, clean energy transportation solutions that remove barriers to opportunity and enhance mobility-as-a-service in emerging markets. This deal will enable us take this vision to become reality sooner than previously thought possible.”
Valerie Labi will be appointed as CEO and Co-Founder of the joint entity. Ms. Labi was formerly the co-founder of Cargo Bikes Africa, where she led the company toward a successful exit.
MANA Mobility will look to establish local manufacturing operations for the local production of 2, 3, and 4 wheeler EVs as well as grow and develop an open-source technology platform providing an ecosystem of EV services, and creating a community of e-drivers and e-riders.