# MAX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/max

- Industry: Software
- Headquarters: Lagos, Nigeria
- Website: www.maxdrive.ai
- Total disclosed funding: $66M
- Latest round: Series B (Oct 14, 2026)
- Investors on record: 11

## About

Metro Africa Xpress, Inc. provides an innovative transportation platform focused on electric vehicles in Africa, enhancing mobility for users while promoting sustainable transportation solutions. Founded in 2015 in Nigeria, Metro Africa Xpress, Inc. specializes in electric vehicle transportation solutions. In May 2026, MAX raised USD 8 million in venture debt funding from Triple Jump. Co-founders Adetayo Bamiduro and Chinedu Azodoh have previously been involved in various entrepreneurial ventures, contributing to the company's ongoing development. MAX offers a transportation platform centered on electric vehicles (EVs) designed for public transport, addressing the mobility needs in urban areas. Their services empower micro-entrepreneurs and businesses, allowing for cashless transactions and improved access to sustainable transport options across Nigeria, Ghana, and other African markets. The platform emphasizes safety, efficiency, and environmental responsibility by promoting green transport infrastructure. MAX generates revenue through cashless ride fares and partnerships with local transport operators. The income is structured to balance affordability and profitability for drivers, with significant contributions from its electric vehicle services and driver training programs, enhancing overall service reliability and customer trust. The company plans to use the May 2026 funding to expand its electric vehicle fleet, roll out battery-swapping infrastructure, and continue building its pay-as-you-go financing platform for commercial drivers.

## Funding rounds

- Series B, Oct 14, 2026, $29M — Nithio
- Series B, Dec 31, 2025 — Novastar Ventures, Endeavor Catalyst, Equitane
- Series B, Dec 19, 2021, $31M — Novastar Ventures, Proparco, Lightrock, Global Ventures
- Series A, Jun 20, 2019, $6M — Novastar Ventures, Alitheia IDF Managers, Yamaha Motor Ventures, Breakthrough Energy Ventures, Zrosk Investment Management

## Investors

- Novastar Ventures (https://capitalatlas.ai/funds/novastar-ventures) — Series A, Series B
- Alitheia IDF Managers (https://capitalatlas.ai/funds/alitheia-idf-managers) — Series A
- Yamaha Motor Ventures (https://capitalatlas.ai/funds/yamaha-motor-ventures) — Series A
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series A
- Zrosk Investment Management (https://capitalatlas.ai/funds/zrosk-investment-management) — Series A
- Proparco (https://capitalatlas.ai/funds/proparco) — Series B
- Lightrock (https://capitalatlas.ai/funds/lightrock) — Series B
- Global Ventures (https://capitalatlas.ai/funds/global-ventures) — Series B
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B
- Equitane — Series B
- Nithio (https://capitalatlas.ai/funds/nithio) — Series B