Dodai Raises $13 Million to Expand Ethiopia E-Mobility Network

Apr 28, 2026

• Dodai secured $13 million Series A, including $8 million equity and $5 million debt.
• British International Investment and seven investors backed Dodai’s electric mobility expansion in Ethiopia.
• Dodai deployed 2,000 electric motorbikes and built a workforce of around 100 employees.
• Company targets 3,000 users and 30 battery-swapping stations in Addis Ababa within 12 months.
• Three-year plan targets 30,000 users and 1,000 battery-swapping stations, expanding urban logistics capacity.
• Funding supports local assembly, financing, and energy infrastructure, with implications for import substitution and FX demand.
• Expansion into Abidjan, Kinshasa and Accra signals exportable Ethiopian electric mobility platform potential.

Why It Matters:

The financing signals rising international capital interest in Ethiopia’s electric mobility sector, particularly where policy shifts are creating demand. Scale-up in battery-swapping infrastructure could affect urban transport costs, reduce fuel import dependence, and support broader logistics productivity. The test now is whether integrated financing, assembly, and infrastructure can scale sustainably in a constrained foreign exchange environment.

Key Numbers:

$13 million Series A financing
$8 million equity; $5 million debt
2,000 electric motorbikes deployed
3,000 users and 30 swap stations (12-month target)
30,000 users and 1,000 swap stations (three-year target)