Agilitee, Africa’s trailblazing electric vehicle and renewable energy company, is preparing to close a historic reverse merger with a U.S.-listed entity on April 13, 2026, a move that will cement its position as a global player in the green revolution.
Agilitee has already made waves across Africa with its electric scooters, which are being deployed by major restaurant groups including KFC, Pedros Chicken, Zimbabwe’s Chicken Basket, Steers, Debonaires, Fishaways, Panarottis Pizza, and Dopio Zero.
These partnerships mark a significant step toward decarbonization in the continent’s fast-growing food service industry.
Beyond mobility, Agilitee has secured 2,000MW of solar power projects under signed Power Purchase Agreements with governments in three African countries.
The company is also in early-stage negotiations with East Asian governments to replicate this model abroad. Advisory firm Treadway has been instrumental in advancing solar projects in Nigeria, Zambia, Tanzania, and Zimbabwe, with two of these projects already receiving preliminary financing approval from Chinese investors.
Agilitee became a public company in South Africa in 2023 after its Memorandum of Incorporation was approved by the Johannesburg Stock Exchange.
Its community of shareholders, known as Agilitians, is expected to benefit significantly from the upcoming merger, which will see all of Agilitee’s 1 billion issued shares acquired in a share swap.
At closing, both Agilitee Limited (South Africa) and the U.S. entity will cease to exist, with Agilitee Inc. emerging as the surviving American-domiciled company.
The new board of directors, to be appointed post-merger, will include representatives from Agilitee’s Chinese investors.
Their mandate will be to appoint a fresh executive committee, including a new CEO and CFO with strong public markets experience.
Notably, Agilitee’s founder, Dr. Mandla Lamba, who stepped down as CEO in 2025, will not be returning to the company.
The deal will officially close on April 13, 2026, with the U.S. publicly traded company’s name changing to Agilitee Inc. before the end of August.
Shares will trade in USD on a junior market, with plans to uplist and pursue a secondary listing on the Johannesburg Stock Exchange.
This merger marks a pivotal moment for Africa’s green economy, positioning Agilitee as a transcontinental leader in sustainable mobility and renewable energy.
