Last updated on November 17th, 2021 at 06:56 am
Nigeria – Nigeria has recently started investing a lot in infrastructure and functional measures that lead the way for ecological transportation. Nigeria is Africa’s largest country by population, which makes it an important factor in determining the transitional environment in the continent.
It is now focusing on shared transportation and this business is quickly becoming one of the most thrived ideas in making. Millions of Nigerians are now using danfo minibuses and okadas to commute to their business destinations and this market is moving towards mobility startups.
It might now have impacted as much as the Nigerians had expected especially the two-wheelers market but it is surely catching up the pace with continuous efforts to promote the idea. The only problem is that the emerging business should learn to apply this more efficiently.
The mobility tech is now centred around two-wheelers and experts are noticing this trend so there has to be an affordable option for four-wheelers. The bus is another great option to promote shared transport and an application called shuttlers lets you do that.
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The tech is built around the idea of giving a platform for users to schedule bus sharing while on their to work. The company had to struggle a lot but it slowly grabbed the attention it deserved and now it has been able to raise $1.6 million in seed funding from several investors.
Most of this investment came from sources outside Africa and one of the highest bidders here was a Chicago and Africa-focused investment firm– VestedWorld. In other rounds, companies like VCs Rising Tide Africa, Launch Africa, EchoVC, Consonance Investment also invested.
CEO Damilola Olokesusi founded Shuttlers in 2016 to revolutionize the way one thinks about public transport and while talking about the company being able to raise such huge some, he said, “Our mission is to transform the way people commute around the world by building a global partner network and connecting communities of shuttlers like we are presently doing in Lagos, Nigeria.”
