IZI Electric

Operating

IZI is transforming the way that people travel in Africa, by providing an affordable zero emission alternative.

Updated Source: SLA Startup IndexHow we verify →
Total raised
$1.2M
disclosed
Last round
$222K
Grant
Rounds
2
since 2023
Investors
1
on record
Employees
2-10

About IZI Electric

IZI is transforming the way that people travel in Africa, by providing an affordable zero emission alternative to the fastest growing cities in the world. IZI's founders have extensive experience in the EV industry from its inception in China. They were amongst the first to secure commercial EV operating licenses in Shanghai, Shenzhen, Beijing and 10 other major Chinese cities and currently manage over 9,000 electric vehicles for leading logistics companies including JD.com, Alibaba, and SF.

Using the expertise gained from over 6 years in the commercial EV market, IZI has developed its e-mobility-as-a-service offering specifically for the opportunities and challenges of the African transportation market.

IZI Electric funding2 rounds

All 2 rounds →

IZI Electric has raised $1.2M across 2 disclosed rounds. The latest is a $222K Grant announced 21 Oct 2024, led by Rwanda Green Fund.

Capital growthrunning total of disclosed rounds
  1. $1MPre-seedPre-seed, $1M, $1M raised to date
  2. $222KGrantGrant, $222K, $1.2M raised to date

SLA Funding Index · grey is capital raised before each round

Who has invested in IZI Electric

AnnouncedRoundLead · investorsAmount
21 Oct 2024IZI Electric GrantRwanda Green Fund$222K
01 Jul 2023IZI Electric Pre-seedNot disclosed$1M

IZI Electric founders & team

Full team →

IZI Electric competitorssame sector · similar funding

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Frequently asked about IZI Electric

Where is IZI Electric based and when was it founded?
IZI Electric is headquartered in Kigali, Rwanda and was founded in 2023.
Who founded IZI Electric?
IZI Electric was founded by Alexander Wilson (Founder & CEO) and Alexander Wilson (Founder & CEO).
Who is the CEO of IZI Electric?
Alexander Wilson is IZI Electric's Founder & CEO.
How much funding has IZI Electric raised?
IZI Electric has raised $1.2M across 2 disclosed rounds. Its latest, a $222K Grant, was announced on Oct 21, 2024.
Who has invested in IZI Electric?
Backers include Rwanda Green Fund.
What sector is IZI Electric in?
IZI Electric operates in E-Mobility, Automotive and CleanTech.