News
Zeno raises $25 million Series A led by Congruent Ventures
Nairobi-based electric motorcycle maker Zeno has raised $25 million in equity and debt, with Congruent Ventures leading the equity portion of the round.
By Propel Africa · 2026-03-05
Zeno, the Nairobi-based electric motorcycle company, has raised a $25 million Series A made up of equity and debt, Launch Base Africa reported on 5 March. California-based Congruent Ventures led the equity portion, with Active Impact Investments and Lowercarbon Capital taking part. Trifecta Capital and Camber Road provided the debt.
What Zeno builds
The company makes electric motorcycles and runs a battery-swapping network. Its product line includes proprietary LFP batteries, custom bikes designed for motorcycle taxi operators, and cloud software that manages batteries and subscriptions. Michael Spencer, a former Tesla engineer, founded the company in 2022.
Traction so far
Zeno has about 1,000 motorcycles and 150 charge points on the road, built on a $9.5 million seed round raised in 2024. It also has more than 150 swapping stations across four cities in East Africa. The company claims its bikes cut operating costs by 50% compared with combustion-engine motorcycles. Gray Robinson, Partner at Congruent Ventures, said: "Zeno's solution uniquely satisfies commercial performance requirements."
Where the money goes
The funds will expand the fleet and infrastructure in East African markets. Zeno also plans to enter India, launch a pay-per-use battery access model that lowers the upfront price of a motorcycle, and prototype home battery docks and induction stoves.
At a glance
- Company: Zeno
- Raised: $25 million
- Round: Series A, equity and debt
- Investors: Congruent Ventures (lead, equity), Active Impact Investments, Lowercarbon Capital, Trifecta Capital and Camber Road (debt)
- Founded: 2022
- Based in: Nairobi, Kenya
- Markets: East Africa, with India planned
- Key figure: More than 150 swapping stations