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Kenya’s Mobius Motors Back in Business, New SUV Coming Soon - Nairobi Wire

Summary by Nairobi Wire

Kenya’s first homegrown car manufacturer, Mobius Motors, is making a comeback after being acquired by Middle Eastern investment and technology firm, Silver Box. The automaker, founded in 2010 by British entrepreneur Joel Jackson, had faced financial struggles that led to a liquidation process last August. On Tuesday, Mobius announced it has reopened its Nairobi service center and resumed operations. The company also confirmed that full-scale pro…

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WeeTracker

Kenya's Mobius Motors Acquired by Silver Box, Kickstarts Revival

Kenyan vehicle re-assembler Mobius Motors has been acquired by Silver Box, a Middle East-based investment firm, six months after the struggling automaker announced plans to shut down. The deal brings some respite to Mobius’ financial troubles, including unpaid debts, supplier disputes, and a failed rescue attempt. With the acquisition, John Kavila has been appointed COO, while CEO Nicolas Guibert, who supported the sale, will exit. Silver Box ai…

23 days ago

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NTV Kenya

Mobius Motors manufacturing to resume under new Middle East ownership

Troubled automobile firm Mobius Motors Kenya has been fully acquired by Middle East-based investment and technology firm, Silver Box. In a statement on Tuesday, the Kenyan startup said Silver Box has already re-opened the Mobius service center, adding that production and manufacturing of the vehicle brand would resume fully by July this year. As part […]

23 days ago·Nairobi County, Kenya

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Nairobi Wire

Kenya’s Mobius Motors Back in Business, New SUV Coming Soon - Nairobi Wire

24 days ago·Nairobi, Kenya

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khusoko.com

Silver Box Acquires Mobius Motors Kenya, Plans Production Resumption

Silver Box, a Middle East-based investment and technology firm, has acquired Mobius Motors Kenya for an undisclosed sum, rescuing the struggling Kenyan automotive manufacturer. This acquisition marks a turnaround for Mobius, which had ceased operations and entered liquidation in August 2024. Silver Box plans to reopen Mobius’ service center immediately and restart full-scale production of [...] The post Silver Box Acquires Mobius Motors Kenya, P…

24 days ago

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Techpoint.Africa

Silver Box acquires Mobius Motors, reviving Kenya’s homegrown carmaker

Silver Box has acquired Kenya’s Mobius Motors, reviving the struggling automaker. Under new ownership, Mobius plans to resume production and launch a new model by December 2025.

24 days ago

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Mobius Motors Resumes Operations After Takeover by Middle East Investor

Kenya’s pioneering vehicle assembling company, Mobius Motors Kenya Ltd, has resumed operations months after announcing that it was closing down operations in the country. The company in August 2024 announced it had appointed a liquidator to wind it up after struggling with debts. Before its financial woes, Mobius had produced three SUV models: the Mobius I, II and III models. However, the assembler on Tuesday, March 11, said it had been acquired…

24 days ago

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