Mandrolli Auto, South Africa’s New Black women-owned Electric Car, secures a $9 billion investment from The African Diaspora Central Bank.
29 July 2021 — CAPE TOWN, SOUTH AFRICA
When Motown sings “Aint No Mountain High Enough…..”, they definitely were talking about the Founder and Co-Founders of Mandrolli, Tami Mase, Ndileka Mandela and B.Taylor. The African Diaspora Central Bank has committed to invest $9 billion in Mandrolli, a solar and battery-powered electric vehicle (EV) startup based in Johannesburg, South Africa and a base in the U.S, which makes Mandrolli the first in the EV space to raise investment for the entire full production in one round. This move will propel Mandrolli into the mix among new EV companies headed to the automotive market. “What is clear going forward is that industrialization will be the driving force behind Africa’s continental free trade area, and certainly one of the greatest industries to participate in, is of course the automotive industry. That is why our dedicated financial Institution, the African Diaspora Central Bank and ECO-6 are very honored to acknowledge our investment, commitment, and participation with the development of Mandrolli South Africa’s future leading carbon emissions free automotive manufacturing. We are excited to support the team Mandrolli, with the distribution chain that goes across not only through Continental Africa, but in the Americas and in Europe. ”, says H.R.H Chief Timothy McPherson, Chairman and Bank President.
Mandrolli was birthed in Nelson Mandela’s home Province, the Eastern Cape, in which the Honorable Premier Oscar Mabuyane has agreed to support this to the fullest. This is also historical because Mandrolli is founded by African black women, Ms. Tami Mase, the CEO and a visionary behind the Mandrolli innovation. “It is extremely thrilling to see this dream unfolding. Mandrolli has become more than just an automotive innovation, but a golden bridge that unites Continental Africa and her Diaspora. The investment Mandrolli received from the African Diaspora Central Bank instantly activates a unified approach to the Continent’s Free Trade and gives Mandrolli the opportunity to industrialize and empower the African Economy.” Tami said excitedly. “More than anything else, I am looking forward to working with Africa and for Africa, starting with our anticipated operations in Malawi, South Africa and America. As the first grandchild of the iconic Nelson Mandela, Ndileka Mandela is breaking barriers and pushing boundaries that will add even more to the legacy of Mandela that will live on for many generations to come. The Mandrolli car will be the first ever to bear the signature my grandfather, Nelson Mandela. Heading the Special Projects Division will therefore give me the opportunity to take responsibility upholding the integrity of his generational legacy and use it unite the World while preserving our African culture. Seeing this vision manifest through Mandrolli’s vision and designs is a marvel yet to unfurl.” Ndileka Mandela.
B.Taylor also will bring a strong punch to this epic undertaking. He is a decorated African American Navy veteran, multi award winning artist, producer, best-selling author with engineering educational background, a goodwill Global Ambassador & Advocate of Entertainment for our nation’s heroes. “ To work with the Department of Defense, serve as a Navy Veteran, be discovered by the Motown Legends, and now get the opportunity to represent one of the greatest figures the world has know, what an honor and blessing from God. This is for all the little black and brown boys and girls around the world that if you put God first and believe great things will come”, states B.Taylor, Co-Founder(Head of U.S. Operations) Mandrolli has also secured global partners that will develop, engineer, and manufacture the first prototype. Mandrolli is not just about car manufacturing, but about getting our black women and youth into the very limited skills industries of the future such as engineering, technology, systems architecture, and digital transformation.
ABOUT MANDROLLI AUTO (PTY) LTD
Mandrolli is an innovative Electric Vehicle Start-up that is set to drive Electric mobility pioneering in Africa. It is the FIRST Electric Vehicle Company to be founded and owned by a black woman. It plans to disrupt and shake the Automotive industry by defying the laws of physics and advocating green manufacturing including 100% mushroom leather, carbon fibre exterior and hybrid power harvesting technologies, driving electric mobility right into the future. The company has plans to unveil more innovative features and products soon, bent on keeping its consumers on their toes for the next big thing.
For more information on the brand, visit www.mandrolli.com.