Mobility 54 Investment SAS, the corporate venture capital arm established in 2019 by Toyota Tsusho Corporation and CFAO to focus on Africa’s growing mobility sector, has announced a change in leadership. Effective April 1, 2025, Teppei Maki will succeed Takeshi Watanabe as Chief Executive Officer.
The announcement marks the end of his five-year tenure since the firm’s inception. Mobility 54 has carved a niche for itself by investing in early-stage African startups operating in the mobility and fintech spaces. Its portfolio includes notable companies such as OnePort, Kai Senegal, InTouch, MojaRide, and BasiGo, demonstrating its commitment to fostering innovative solutions tailored to the African context.
Mr. Watanabe, who will be transitioning to a new role within the CFAO/Toyota Tsusho Group in Africa, expressed his excitement about the move, stating his long-held desire to work on the continent. He lauded the teamwork and support received during his leadership and urged stakeholders to continue their patronage under the new management.
Incoming CEO Teppei Maki brings a wealth of experience in the African mobility sector. His appointment signals a continuity in Mobility 54’s strategic direction, which is underpinned by the philosophy “With Africa For Africa.” The firm aims to continue its mission of exploring and building new mobility businesses in collaboration with its partners across the continent.
Established at the end of 2019, Mobility 54 has played a significant role in the African tech ecosystem, providing crucial funding and strategic support to startups addressing critical mobility challenges. Its investments span logistics, transport, and financial technology, reflecting a broad understanding of the interconnectedness of these sectors in driving economic growth and social impact.
The transition in leadership comes at a time when the African startup landscape is experiencing significant growth and attracting increasing global attention. Mobility 54’s continued focus under Mr. Maki’s guidance is expected to further contribute to the development of innovative solutions that cater to the unique needs of the African market.
The appointment of Mr. Maki is anticipated to bring fresh perspectives while maintaining the firm’s established ethos. His deep understanding of the African mobility landscape will be crucial in navigating the evolving dynamics of the market and identifying promising investment opportunities.
As Mobility 54 embarks on this new chapter under Teppei Maki’s leadership, the African tech and investment community will be closely watching to see how the firm continues to shape the future of mobility on the continent. The foundation laid by Takeshi Watanabe provides a strong platform for growth and further innovation in the years to come.