Interview: EV24 boss reveals why he acquired Ivorian 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 that Koto’s acquisition will help him 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, he says, acts as a benchmark for new car prices, addressing a crucial gap in Africa’s auto sales market. 

• EV24.africa was the first cross-border online platform dedicated to buying EVs on the continent. He is also an active investor with stakes in more than 10 startups. Mr Peyriere is also the co-founder of Auto24.africa. 

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