Africa’s micro-mobility market to hit $29b by 2030

• Most cities in Africa are becoming congested due to population growth and rural-to-urban migration. This has worsened traffic gridlock, making it harder to move from one place to another.

• McKinsey, the global consultancy, estimates that the global micro-mobility market will reach about $360 billion by 2030, up from about $175 billion in 2022-mainly driven by e-bike sales.

• Our take: Micro-mobility makes it easier to navigate congested cities. It represents a shift away from traditional car-centric transportation in favour of more sustainable and efficient modes of mobility… Read more (2 min)

South Africa’s EV market to hit $101m this year

• The country is investing in the production of new battery technologies through the Council for Scientific and Industrial Research (CSIR), together with one or two universities.

• South Africa is aiming to serve as an entry point for the African continent for EV production. The country is already a leading manufacturer of ICE vehicles on the continent.

• Our take: South Africa has a GDP per capita of $6,253, which is one of the highest on the continent. With its relatively high-income level and advanced infrastructure, the country is in pole position to lead the EV adoption on the continent… Read more (2 min)

Spiro partners with Ace to recycle batteries

• Ace’s LithiumFirst™ technology, designed to recycle lithium-ion battery materials, including Lithium-ion phosphate (LFP), will be deployed. 

• Addressing battery recycling not only supports Spiro’s growth but also contributes to broader goals such as decarbonisation, resource efficiency, and economic development in Africa.

• Our Take: Africa’s EV market is expanding, but the lack of battery recycling infrastructure presents a significant long-term challenge… Read more (2 min)

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