East African electric mobility and distributed energy services company Zeno has raised US$25 million in funding to expand its electric vehicle and charging operations across the region.
Founded in 2022 by Michael Spencer, a former Tesla executive, Zeno provides interoperable, multi-modal charging for two- and three-wheel electric vehicles, a segment where both range and downtime strongly shape adoption. The approach combines small-footprint battery swap stations with public plug-in fast chargers and home charging, aiming to offer more flexibility than swap-only models.
Zeno currently operates in four cities in East Africa, with a charging network spanning more than 150 chargepoint locations, and is now planning further expansion in the region after raising a US$25 million funding round. The round, which combines equity and debt, was led by climate-tech investor Congruent Ventures and included participation from more than a dozen new and existing backers. The company also secured debt facilities from Trifecta Capital and Camber Road.
The funding will be used to support deeper network build-out and increased production of the Emara motorcycle, which Zeno says is needed to address a waitlist of more than 25,000 retail and fleet customers. The company also plans to expand geographically, grow its charging footprint, and extend its product lineup as it adds riders and energy subscribers.
