MAX is the pioneering Nigerian mobility startup that is solving a persistent problem in Nigerian transportation system and Africa.

MAX is on a mission to make moto-taxis safe, affordable and accessible across West Africa.

MAX was founded in 2016 by Adetayo Bamiduro, and Chinedu Azodoh. The company is based in Lagos, Nigeria.

 

MAX started as a delivery startup using motorcycles to fulfil customer orders before venturing into ride-hailing, and later into vehicle subscription and financing services — solutions it came up with based on the data from its first services.

 

MAX currrently provides two, three and four-wheeler EVs to drivers through various leasing and financing options. The company designs and assembles its own line of electric motorcycles, working with partners across the ecosystem, including Yamaha.

 

MAX’s commercial bank partners extend vehicle purchase loans to drivers, using data provided by the mobility company in credit risk assessment. The company recently partnered with Estonian ride-hailing company Bolt in a lease-to-own arrangement that is set to enable 10,000 drivers under the platform in Nigeria to acquire energy-efficient vehicles.

 

MAX is backed by Lightrock, Novastar Ventures, Yamaha, Breakthrough Energy Ventures, Global Ventures, Global Ventures, Zrosk Investment Management, and others. The company raised $31M in Series B round on Dec 20, 2021. This brings MAX's total funding to $40.5M to date.

 

 

  • Year founded: 2016
  • Funding Info: $40.5M over 4 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: NA
  • City/Town: Lagos
  • State: Lagos
  • Country: Nigeria
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