Electric motorcycles may soon become the face of shuttle within several African cities, as fossil-fueled vehicles give way to electric vehicles around the world.
Nigeria-based OPay has closed a new $50 million funding round, the largest for any Nigerian tech startup so far in 2019. The company will use the new funding to deepen its roots in the Nigerian market for all its digital businesses including ORide and OFood. It also has plans to expand to other African markets.
Lagos is the biggest market for bike hailing in Nigeria. With its over 20 million residents (reportedly), Lagos is the first market of choice for all bike hailing startups in Nigeria. Yet, Lagos is one Nigerian state that has imposed tight controls over motorcycle transportation.
I once scoffed at a poorly-researched suggestion that Taxify might be beating Uber in Lagos. I was wrong. This is the current state of things.