Mobius Motors To Shut Down? Kenya Biggest Lost!

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  • เผยแพร่เมื่อ 18 ก.ย. 2024
  • In today's discussion, we will delve into the Vehicle manufacturer Mobius Motors going into voluntary insolvency, after it faced financial constraints that have seen it struggle to pay creditors and employees.
    Since its founding, the company had raised $56mn over 5 funding rounds from 9 investors. It closed its Early Stage VC (Series A) $2mn funding round in 2012, with investors buoyed by the idea of a locally made SUV.
    It is still unclear what will happen to Mobius’ customers, who will still need to access spare parts and after market support for their vehicles.
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