Uganda’s Zembo gets $3.4m investment to scale electric motorcycle business
Zembo, a Ugandan electric mobility startup, has obtained a $3.4 million investment grant to expand its electric motorcycle company in Kampala, Uganda. The startup signed the funding agreement with InfraCo Africa, a private infrastructure development group (PIDG) company, along with a consortium that includes Dutch private equity firm DOB Equity and Toyota Tsusho’s venture capital…