Gotion Power Morocco Debt Financing

Lead

• AF
  African Development Bank
  LeadProfile of African Development Bank →

EUR100 million (~$113.7 million) senior loan approved by the African Development Bank board, announced 24 Jul 2026, to Gotion Power Morocco for Africa's first integrated lithium iron phosphate (LFP) battery gigafactory in the Rabat-Sale-Kenitra free trade zone (Kenitra Atlantic Free Zone). Phase 1: 10 GWh of EV cells and packs, expandable to 100 GWh; 600+ direct jobs; 70% local integration target. AfDB is Mandated Lead Arranger under NAFAD and plans to mobilise up to EUR141 million more from financial partners. Earlier project financing includes EUR300 million from CDG Group (Nov 2024); first cell line expected to start Oct 2026. Subsidiary of Gotion High-Tech (Hefei, China; Shenzhen-listed); recorded as other tracked financing, outside the Africa startup-funding headline.

• ess-news.comAfDB approves EUR100 million loan for Morocco battery gigafactory - ESS News, 24 Jul 2026 (~$113.7M)↗
• eu-africa-chamber.orgAfrican Development Bank approves EUR100 million to Gotion Power Morocco to develop Africa's first lithium-ion phosphate battery gigafactory - AfDB release via APO Group, 24 Jul 2026↗
• en.le360.maAfDB approves EUR100 million loan to Gotion Power Morocco to develop Africa's first LFP battery gigafactory - Le360, 24 Jul 2026↗
• financialafrik.comMorocco: AfDB approves EUR100 million loan to Gotion Power for LFP battery factory - Financial Afrik, 28 Jul 2026↗
• chinaglobalsouth.comAfDB approves $114 million loan for Chinese battery gigafactory in Morocco - China-Global South Project, 27 Jul 2026↗

How much did Gotion Power Morocco raise in its Debt Financing?

$113.7M, announced on 24 July 2026.

Who led Gotion Power Morocco's Debt Financing?

African Development Bank led the round.

Who invested in Gotion Power Morocco's Debt Financing?

1 investor is named for this round: African Development Bank (lead).