Tunisia-based mobility startup Kaco has raised an undisclosed amount in a fundraising round from UGFS North Africa. Founded in 2018 by Salmi Med Ali, Kaco is a local Tunisian manufacturer of electric scooters, called the Orca. It is worth noting that this investment is not the first collaboration between Kaco and UGFS North Africa. Again, the collaboration between Kaco and UGFS North Africa aligns with the investment fund’s strategic goals. UGFS North Africa aims to support and contribute to the development of sustainable and environmentally friendly technologies.

Source: The North Africa Journal July 18, 2023 08:32 UTC