Alitheia Capital and Goodwell Investments Visit the MAX Ibadan Facility to Review Groundbreaking Innovations in Operations and Electric Mobility.
Ibadan, Nigeria — 10th October, 2024
MAX, Africa’s leading mobility tech platform, was proud to welcome Alitheia Capital and Goodwell Investments to its state-of-the-art facility in Ibadan during its annual investee company meetup. The visit highlights the ongoing collaboration between MAX, Alitheia Capital and Goodwell Investments, as these companies work towards accelerating the future of sustainable mobility in Africa.
During the visit, the Alitheia Capital and Goodwell Investments’ team comprising their leadership team, uMunthu fund investors and the CEOs of investee companies, toured the Ibadan facility, gaining firsthand insights into MAX’s innovative approach to telematics, fleet control, and electric mobility solutions. The facility is the epicenter of MAX’s operations, where cutting-edge electric three-wheelers are assembled to address the continent’s unique transportation challenges.
MAX’s Ibadan facility plays a pivotal role in the company’s value chain, incorporating advanced telematics and vehicle tracking systems for real-time fleet management, ensuring both operational efficiency and safety. Additionally, the site is home to MAX’s 24-hour Champion Support Center, providing round-the-clock assistance to riders and partners. The Champion Activation, another cornerstone of MAX’s strategy, was also showcased during the visit, demonstrating how MAX is empowering local commercial drivers (called Champions) to access vehicle assets, as well as to take the lead in transforming urban mobility.
Chinedu Azodoh, Co-founder at MAX, remarked:
“We are thrilled to host Alitheia Capital and demonstrate how our Ibadan facility is at the forefront of our mission to revolutionize mobility across Africa. Investors like Alitheia have been instrumental in enabling us to expand our operations, and we are excited about the future opportunities this collaboration presents.”
Alitheia Capital and Goodwell Investments, are foremost impact investment firms in Africa, and have been critical aspects of MAX’s growth journey, fueling MAX’s expansion across the continent, as the company ramps up production capacity, enhances its infrastructure for electric vehicle adoption, and creates local jobs.
Tokunboh Ishmael, Co-Founder and Managing Partner at Alitheia Capital, commented:
“MAX is a visionary company, addressing some of Africa’s most pressing transportation challenges with innovative and sustainable solutions. Our visit to the Ibadan facility showcases the potential of MAX, and we are confident that with continued investment, MAX will be able to scale its impact even further across Africa, creating lasting economic, environmental, and social value.”
Els Boerhof, CEO of Goodwell Investments stated:
“Our investment in MAX, alongside Alitheia, reflects our confidence in MAX’s ability to revolutionize transportation across Africa while fostering inclusive economic growth. By providing cleaner, more efficient mobility solutions, MAX is not only transforming the future of transportation but also creating countless opportunities for drivers, entrepreneurs, and communities. We are proud to be part of this journey and look forward to seeing MAX’s continued impact on sustainable mobility and empowerment across the continent.”
As MAX continues to expand its footprint, the company remains committed to providing clean energy solutions, reducing carbon emissions, and enhancing urban mobility, while creating jobs and fostering economic growth in Nigeria and beyond.
About MAX:
MAX is Africa’s leading mobility technology company, providing on-demand vehicle subscriptions, electric vehicle solutions, and technology infrastructure
for drivers, companies, and governments across Africa. Through its innovative platforms and commitment to sustainable solutions, MAX is redefining the future of transportation on the continent. For more information about MAX visit: https://www.maxdrive.ai/
About Alitheia Capital:
Alitheia Capital is an impact investment firm focused on identifying and investing in scalable businesses that generate strong financial returns while creating social and environmental impact across Africa. By backing innovative enterprises like MAX, Alitheia Capital is helping to build a more sustainable and inclusive future for the continent.
About Goodwell Investments:
With a strong focus on emerging markets, Goodwell provides early-stage equity to scalable businesses that deliver positive social impact and financial returns. By empowering entrepreneurs and investing in businesses that serve low-income communities, Goodwell is fostering economic empowerment and creating opportunities that fuel long-term, inclusive growth.
For more information, please contact:
Oluwatoyin Ashipa
Senior Manager, PR and Communications
08033282663, toyin.ashipa@maxdrive.ai
