Enzi Mobility raises $3.5m funding

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Kenyan EV startup Enzi Mobility has signed a $3.5 million funding deal with  investment firm Kula PCC comprising $2 million in equity and a $1.5 million blockchain technology stack. Kula’s investment will be tied to specific commercial and operational milestones. A real-time blockchain impact dashboard will track Enzi’s progress against key ESG indicators for transparency.   

• Kula PCC’s structure and use of blockchain tools show that new forms of impact investment are entering Africa’s EV space beyond traditional venture capital.  

• While structured performance-based funding may help startups be more disciplined, over-emphasis on short-term performance metrics could discourage the necessary long-term innovation. 

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