UTokyo IPC invests in electric mobility firm Dodai Group in private round

  • UTokyo IPC invested in Dodai Group through AOI1 Investment Limited Partnership, backing private financing for electric mobility expansion in Ethiopia.
  • Dodai, headquartered in Delaware with primary operations in Addis Ababa, assembles electric motorbikes, runs battery-swapping networks, uses data-driven operations to build an integrated urban mobility platform.
  • Investment syndicate included Value Chain Innovation Fund, British International Investment, Nagase, Persistent Energy, For Seasons, CBC, and ICJ No.2 Fund.
  • Capital targeted at scaling battery-swapping infrastructure and growing user base in Ethiopia, with longer-term plans to expand into other major African cities.


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