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Silver Box, British investment firm, acquires struggling Mobius Motors Kenya

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Silver Box, British investment firm, acquires struggling Mobius Motors Kenya

Modupeoluwa Olalere by Modupeoluwa Olalere
March 12, 2025
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Silver Box, British investment firm, acquires struggling Mobius Motors Kenya

Silver Box, British investment firm, acquires struggling Mobius Motors Kenya

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On Tuesday, it was announced that Silver Box, a Middle East-based investment firm, has acquired Mobius Motors Kenya, a pioneering automaker in the country.

This acquisition marks a new chapter for Mobius Motors, which had been facing financial challenges and was on the verge of collapse.

Read also: Deel rebrands PaySpace following $100 million acquisition

Silver Box to restart Mobius Motors Kenya production

Mobius Motors, founded in 2009 by British entrepreneur Joel Jackson, aimed to produce affordable, durable vehicles for African roads.

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However, the company struggled with financial difficulties, competition from second-hand imports, and low demand, leading it to near collapse. Silver Box’s acquisition brings renewed hope, with plans to restart production by July 2025, beginning with the Mobius 3 model. A new 4×4 off-road SUV is also set to launch by December 2025.

John Kavila, appointed as the new Chief Operating Officer (COO), expressed his optimism about leading Mobius Motors forward: “Mobius Motors has built an exceptional foundation, and we are eager to build on this success by focusing on expanding our market share and increasing accessibility for Kenyan consumers,” he said.

Read also: LoftyInc Capital raises $43 million for entrepreneurs in Nigeria, Kenya and Francophone Africa

Silver Box fuels Mobius expansion

Outgoing CEO Nicolas Guibert highlighted Silver Box’s offer as the best choice for ensuring continuity and driving growth.

Silver Box specialises in intelligent investment, expert corporate management, and advanced technology, which will help Mobius Motors expand its market share and develop a network of service stations.

The acquisition has been approved by the Competition Authority of Kenya, which noted that it will not raise competition concerns and will help salvage a failing firm, secure jobs, and contribute positively to the economy.

Tags: BritishKenyaMobius MotorsSilver Box
Modupeoluwa Olalere

Modupeoluwa Olalere

Modupe is a tech content writer with 3+ years of experience turning complex ideas into clear, engaging stories. She covers innovation, digital trends, and emerging technologies. When she’s not writing, she’s exploring new tools or tracking trends shaping Africa’s tech ecosystem.

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