How much did MAX.NG raise in its Grant?

$1M, announced on 20 June 2019.

Funding roundGrant

MAX.NG Grant

MAX.NG raised $1M in a Grant. It was announced on 20 June 2019.

View MAX.NG →

3 sourcesSource: SLA Funding IndexHow we verify →

Amount raised: $1M; USD
Announced: 20 Jun 2019; 7 years ago

About this round

Grant component of MAX.ng's announced June 2019 round (total USD 7M = USD 6M Series A equity on funding 1119 + USD 1M grants). MAX.ng's 20 Jun 2019 release says the USD 1M was received as grants; the grantor is not named in the located sources, so no investor is recorded. Recorded separately from equity on 20 Oct 2026 (assignment 956).

Sources for this round3

medium.comMAX.ng raises $6m from equity investors and $1M in grants to scale moto-taxi transportation in Africa (MAX.NG, Medium)
techcrunch.comMAX.ng raises $7M round backed by Yamaha and pilots EVs in Nigeria (TechCrunch)
nairametrics.comYamaha and Novastar Ventures lead Max.ng's $7 million capital raise (Nairametrics)

Frequently asked about MAX.NG's Grant

How much did MAX.NG raise in its Grant?: $1M, announced on 20 June 2019.