Kenya's Mobius Motors Sold After Announcing Closure

In a surprising turn of events, Kenya’s homegrown automotive company, Mobius Motors, has found a buyer just weeks after announcing its closure. The news has sparked a wave of optimism in the local automotive industry, which has faced significant challenges in recent years. The sale is seen as a lifeline for Mobius Motors, known for its rugged and affordable vehicles designed specifically for African roads.

Just weeks after the closure announcement, Mobius Motors has found a buyer in an undisclosed consortium of investors. The group, which includes both local and international investors, is reportedly committed to revitalizing the company and continuing its mission of producing vehicles designed for African markets.

While details of the deal remain confidential, sources close to the negotiations have indicated that the new owners plan to inject fresh capital into the company, streamline its operations, and explore partnerships to enhance its manufacturing capabilities. The goal is to not only keep the Mobius brand alive but to expand its reach across Africa and beyond.

Joel Jackson, the founder of Mobius Motors, expressed his relief and optimism about the deal, stating, “This is a pivotal moment for Mobius. The challenges we faced were significant, but with the support of our new investors, I believe we can overcome them and take the company to new heights.”