Having secured $50 million in funding thanks to the Pan-African Investment Company, Mobius can finally put the latest evolution of its low-cost SUV into production. Things have changed some in the two years since the Mobius Two was first announced as a form of inexpensive, go-anywhere transport for Africa: the initial price of $6,000 has risen to $10,000 and it's now called the Mobius II.
Ultra low-cost transportation doesn't have a particularly successful history in the recent past. Just ask Tata. The company's Nano subcompact was supposed to revolutionize the way low-income families the world over moved themselves, but as it turns out, even those with no money don't want to be seen in a vehicle known primarily for its cheapness. Even so, one company is working to give rural Africans a shot at changing their lives with a new low-cost SUV. Nairobi-based Mobius Motors wants to bui