Quick-growing transport/supply startup, Plentywaka, has raised $300,000 pre-seed funding to facilitate its growth plans.
In line with 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 will even be used to remodel 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, stated that Plentywaka is out to remodel transportation in Nigeria by taking it one state at a time.
“Securing funding and increasing into Abuja inside our first 12 months, 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 prime to the prosperity of any metropolis and we imagine protected, handy and cozy journey mustn’t simply be for the few; however for everybody,” he stated.
Additionally commenting on the funding, Dayo Koleowo, a Companion at Microtraction, stated:
“Plentywaka’s fast development since they launched Q3 final 12 months has been super to this point. We’re glad to be partnering with a really robust staff that’s enthusiastic about offering comfort, security, and luxury to on a regular basis commuters. The distressful and uneasy expertise by the vast majority of these commuters, particularly in giant cities is clear. We’re backing the Plentywaka staff to vary that have for commuters progressively by making a transport system that’s environment friendly.”
Plentywaka wants companions: Within the meantime, Plentywaka stated it’s at the moment seeking companions who’re keen to carry their autos on board by becoming a member of the Plentywaka Automobile Partnership scheme.
The partnership entails Plentywaka working with people, corporates, and state governments to develop its expertise and fleet so as to present higher transportation companies. Similar to different cab-hailing companies, registering a automobile on the platform would supply the companions with a possibility to earn additional revenue.
In view of the pandemic, the corporate has assured that every one autos in its scheme could be correctly fumigated and outfitted in keeping with authorities rules and to maintain commuters and drivers protected with the Wakapurse which permits digital fee.
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 provision 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 companies in Lagos and the success recorded to this point 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 could actually present a extra dependable and environment friendly bus service.