Quick-growing transport/supply startup, Plentywaka, has raised $300,000 pre-seed funding to facilitate its growth plans.
Based on an announcement by the corporate which was despatched to Nairametrics, the funding was led by EMFATO, Microtraction, and Area of interest Capital. It’s going to assist to facilitate that firm’s deliberate growth into the Federal Capital Territory Abuja and different Nigerian states.
Extra particulars: The funding may also be used to rework the transport system in Nigeria. Plentywaka will enhance its mapping expertise, particularly now that it’s kicking off actions in different states and the FCT.
Whereas commenting on the funding and launch, Co-Founder and Managing Director, Johnny Enagwolor, mentioned that Plentywaka is out to rework transportation in Nigeria by taking it one state at a time.
“Securing funding and increasing into Abuja inside our first yr, within the midst of a pandemic speaks volumes of the demand for the service we offer. We’re excited to have funding companions on board that see and imagine in our imaginative and prescient.
“An environment friendly transport system is key to the prosperity of any metropolis and we imagine protected, handy and comfy journey shouldn’t simply be for the few; however for everybody,” he mentioned.
Additionally commenting on the funding, Dayo Koleowo, a Associate at Microtraction, mentioned:
“Plentywaka’s fast development since they launched Q3 final yr has been great thus far. We’re glad to be partnering with a really sturdy workforce that’s captivated with offering comfort, security, and luxury to on a regular basis commuters. The distressful and uneasy expertise by nearly all of these commuters, particularly in massive cities is obvious. We’re backing the Plentywaka workforce to vary that have for commuters progressively by making a transport system that’s environment friendly.”
Plentywaka wants companions: Within the meantime, Plentywaka mentioned it’s presently in the hunt for companions who’re keen to carry their autos on board by becoming a member of the Plentywaka Car Partnership scheme.
The partnership entails Plentywaka working with people, corporates, and state governments to increase its expertise and fleet as a way to present higher transportation providers. Identical to different cab-hailing providers, registering a car on the platform would supply the companions with a possibility to earn further revenue.
In view of the pandemic, the corporate has assured that every one autos in its scheme can be correctly fumigated and geared up consistent with authorities laws and to maintain commuters and drivers protected with the Wakapurse which permits digital cost.
The Backstory: The e-bus hailing firm, which was launched in September 2019, was funded by Crowdyvest. Since then, the corporate has constructed a platform of over 40,000 clients and recorded its first 100,000 rides in six months.
Additionally they just lately introduced the supply of same-day supply service to small companies, in addition to the logistics by Plentywaka and its Workers Bus Options.
The corporate first launched its providers in Lagos and the success recorded thus far has inspired its determination to enterprise into different states. With the gaps seen within the nation’s public transport system, the corporate is optimistic that it may present a extra dependable and environment friendly bus service.