Electric vehicles and debt deals drive $224 million surge in July 2026
The second half of 2026 has started, bringing the total funding raised by African startups to $1.66 billion so far this year. Between January and June, startups raised $1.44 billion. Adding July’s $224M brings us to the $1.66B milestone. While July’s $224 million dropped from June’s high of $334 million, the biggest story of the […]
In the second half of 2026, African startups collectively raised a total of $1.66 billion, with July contributing $224 million to the figure. While the monthly figure decreased from June's record $334 million, the focus shifted to where the capital was being invested. Clean energy, electric vehicles (EV), and physical infrastructure dominated July's funding, with 28 deals disclosed out of 37 tracked.
The largest deal was Gotion Power Morocco's $114 million loan from the African Development Bank to construct Africa's first electric vehicle battery factory. Other significant investments included M-Kopa's $30 million debt facility for electric bikes and smartphones, and Bridgement's $20.3 million funding round for AI-powered business lending.
The majority of capital, 75.2%, was raised through debt, with the remainder split between equity (24.8%) and grants (0.1%). M&A activity remained strong, with 13 deals recorded in July, adding to the 63 mergers and acquisitions recorded in H1 2026.
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Also reported by 1 other outlet
- Debt mutual funds attracted Rs 1.87 lakh crore in July after two months of outflows. Is the trend set to continue? economictimes.indiatimes.com
