Funding roundSeries B
MAX Series B
MAX raised a Series B round from Nithio Holdings. It was announced on 12 October 2026.
- Announced
- 17 days ago
- Investors
- 1
Investors in MAX's Series B1
- Nithio HoldingsParticipatingProfile of Nithio Holdings →
Venture Capital
About this round
Series B3 extension. Nithio's financing was announced on 12 Oct 2026 (Nithio press release) and described as extending MAX's Series B3 funding round to a cumulative USD 29m. Nithio's contribution amount and instrument (equity vs debt) were not disclosed, so the amount is left unknown. The USD 29m is a cumulative round total which reporting says includes the USD 24m January 2026 equity-and-debt package (recorded on fundings 1506902/1506901) and BII's USD 5m second-close Series B3 investment (BII investment page; not separately recorded); it is not recorded here as new capital to avoid double counting. Closing date not disclosed.
Sources for this round6
- nithio.comNithio Expands Its E-Mobility Portfolio with Investment in MAX
- techpoint.africaTechpoint Digest: Nigerian EV startup MAX raises Series B3 to $29M
- techbuild.africaNigerian Mobility Startup MAX Hits $29M In Series B3 Funding
- businesstech.ngNithio's Undisclosed Investment Lifts MAX's Series B3 to $29 Million
- techinafrica.comNigerian E-Mobility Startup MAX Secures Nithio Funding, Raises Series B3 Round to $29 Million
- weetracker.comNigerian E-Mobility Startup MAX Raises USD 29 M In Series B3 Funding With Nithio Investment
Frequently asked about MAX's Series B
- Who invested in MAX's Series B?
- 1 investor is named for this round: Nithio Holdings.
