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Angel Investor (Individual)

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Investments

2

Portfolio Exits

2

About Darshan Chandaria

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Latest Darshan Chandaria News

Mobius Motors reports 300 pre-orders for the second model

Jan 22, 2019

Domestic mass market carmaker Mobius Motors says it has received 300 pre-orders for its second model to be produced at the newly built Sh500 million Nairobi factory. A spokesman for the Mahesh Chandaria family that bought a major stake at the carmaker, Darshan Chandaria, said the orders will keep the firm busy for the next 14 months, signaling growing demand for locally manufactured vehicles. “We anticipated 100 pre-orders for the second version of Mobius II but Kenyans have paid deposits for 300 units indicating a growing appetite for the ‘Made-in-Kenya’ goods. We have trained personnel to man the newly installed specialist machinery at our plant,” he said. Mr Chandaria spoke in Nairobi during a breakfast meeting for the upcoming seventh edition of the Africa CEO two-day forum to be held in Kigali, Rwanda between March 25 and March 26. Founded in 2009 by British entrepreneur — now Nairobi-based — Joel Jackson, the soon- to- be-made Kenyan all-terrain vehicle with an 1800cc engine comes in three models with the most expensive being Mobius Adventure, available in black, dark blue and light blue for Sh1.58 million inclusive of tax. Cargo, available in black only, is the entry model and focuses on the functionality of transportation with a starting price of Sh1.3 million. The Adventure model, available in black and dark blue with three additional rear seats is available at Sh1.45 million. Related Content

Darshan Chandaria Investments

2 Investments

Darshan Chandaria has made 2 investments. Their latest investment was in Cloud 9 Experiences as part of their Angel on October 10, 2017.

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Darshan Chandaria Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/4/2017

Angel

Cloud 9 Experiences

$0.07M

Yes

1

11/29/2016

Angel

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$99M

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10

Date

10/4/2017

11/29/2016

Round

Angel

Angel

Company

Cloud 9 Experiences

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Amount

$0.07M

$99M

New?

Yes

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Co-Investors

Sources

1

10

Darshan Chandaria Portfolio Exits

2 Portfolio Exits

Darshan Chandaria has 2 portfolio exits. Their latest portfolio exit was Cloud 9 Experiences on July 06, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/6/2020

Acquired

3

00/00/0000

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10

Date

7/6/2020

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

3

10

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