Dodai has announced a Series A financing round of 13 million dollars, comprising 8 million dollars in equity and 5 million dollars in debt, for expansion of electric motorbike adoption and battery swapping infrastructure. The round includes participation from Value Chain Innovation Fund, IPC, Nagase, Persistent ACV Fund, For Seasons, CBC Co. Ltd., ICJ, and British International Investment (BII), the UK’s development finance institution. Following the funding, Dodai plans to scale its operations to 3,000 electric motorbike users and establish 30 battery swapping stations. Leslie Maasdorp, CEO of British International Investment (BII), said: "By expanding access to affordable transport, Dodai is empowering entrepreneurs, creating jobs, and helping build a stronger, more competitive urban economy in Ethiopia." Hilina Legesse, SVP and Head of Corporate at Dodai Group Inc., said: "From overnight assembly to building operations from the ground up, every constraint became something we chose to take on and solve with our team and partners on the ground. We will now accelerate and scale this impact even further."

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