Why EV24 bought car listing firm Koto

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AfriCar Group, the parent company of the online EV seller EV24.africa, acquired Koto, the leading online car listing platform in Ivory Coast in August for an undisclosed sum of money. In an interview with Mobility Rising, Axel Peyriere, the company’s co-founder and CEO, revealed how Koto’s acquisition helps to seal a loophole in Africa’s vehicle sales market. 

• Unclear EV pricing information fuels hesitation and mistrust among potential buyers, says Mr Peyriere. Koto acts as a benchmark for new car prices, addressing a crucial gap in Africa’s auto sales market, he suggests. 

• EV24.africa was the first cross-border online platform dedicated to buying EVs on the continent.  

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