Dr. Mandla Lamba, the founder of Agilitee. Agilitee to launch Xpress dealership store in Nairobi
The Green Revolution Pioneer Agilitee has announced that on the 29th of April 2023, it will officially be opening its first Agilitee XPress Dealership in East Africa. The dealership will be opened in Garden City Mall, Nairobi.
This follows the appointment of the first CEO of Agilitee East Africa, Mrs Elizabeth Nasaka, who has been appointed by Agilitee to head Agilitee East Africa operations effectively from the 1st of May 2023. The Agilitee East Africa board has also been constituted, and Mr Fredrick Muteti was appointed as the Chairman of the Board.
Agilitee is also preparing to open its East Africa headquarters in Nairobi on the 1st of May 2023, which office will serve as the region’s headquarters. The company is also planning a rollout of more XPress dealerships in the region, with Uganda being the next destination after Kenya.
Agilitee started opening its franchise flagship under the XPress banner in December 2022. The electric vehicles Pioneer opened is first Agilitee XPress Dealership in Cape Town on the 1st of December 2022 followed by Agilitee XPress Fourways Mall on the 16th of December 2022.
The giant has since opened three more dealerships in February, and that was Agilitee XPress Menlyn Maine (Pretoria), Agilitee XPress Oceans Mall (Durban) and Agilitee XPress Centurion Mall (Pretoria). The Agilitee Xpress Garden City Mall in Kenya will be the sixth store the giant opened in the last 4 months.
Agilitee is Africa’s first Electric Vehicles Manufacturer, Greentech, and Artificial intelligence Pioneer, and the company was founded by African billionaire Dr. Mandla Lamba, who currently serves as its Global CEO. On the 1st of September 2023, the company became a public company after it embarked on an IPO on the Johannesburg Stock Exchange.
The company has an issued share capital of 1 billion shares. The billionaire CEO and founder donated 100 million of his founder’s shares that represent 10% of Agilitee to the underprivileged.
Agilitee is currently raising $2 billion by selling 100 million shares at $20 a share and that represents 10% of the company’s total issued share capital of 1 billion shares which in turn values Agilitee at $20 billion.
The giant will be rolling out its 65-seater full electric buses in Kenya in the month of June.
Recommended for you
