The largest black minority finacial deal in automotive history
LOS ANGELES, CA, August 05, 2021 /24-7PressRelease/ — In a time were the world is shifting to give minorities and women the equal opportunities they deserve, The Mandrolli, Nelson Mandela’s new signature electric vehicle is spearheading part of this change. Founder and Co-Founders Tami Mase, Ndileka Mandela and Navy man B.Taylor have accomplished the unimaginable. The African Diaspora Central Bank has officially committed a $9 billion(USD) investment into Mandrolli Auto Company, a solar and battery-powered electric vehicle (EV) startup based in Johannesburg, South Africa, with an operations base in the U.S. Mandrolli is the first EV space to raise the entire investment for full production in the first seed round without any Series financing, and the largest automotive deal ever for black minority women and men. This historic move will propel Mandrolli to great heights within the automobile and energy sectors. “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, within the industrialization process, 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 the United States.”
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 of my grandfather, Nelson Mandela. Heading the Special Projects Division will therefore give me the opportunity to take responsibility for upholding the integrity of his generational legacy and use it to unite the world while preserving our African culture. Seeing this vision manifest through Mandrolli’s vision and designs is a marvel yet to unfurl,” proclaims Ndileka Mandela.
B.Taylor also will bring a strong punch to this epic undertaking. He is a highly acclaimed African American Navy veteran, Sony Orchard’s multi-award winning artist,producer, best-selling author, Hillvet’s “Top 100 Most Influential Veteran”, with an engineering background, and A Goodwill Global Ambassador & Advocate of Entertainment for our nation’s heroes. “To work with the Department of Defense Iniatives, 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 ever known, what an honor and a blessing to my life. This is to show all the little black and brown boys and girls around the world that if you put God first and believe, great things will come”, declares B.Taylor, Co-Founder and 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 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.
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