Tech in Africa
Plentywaka, the hassle-free on-demand ride mobility platform has acquired Stabus, a Ghanaian mobility startup. This is part of Plentywaka’s plan to build the largest shared mobility platform across Africa.
Stabus was launched in 2019 by Isidore Kpotufe and has moved 100,000 people across the capital Accra. Its services include the provision of staff buses for multinationals and the daily bus-stop transportation for the public. Stabus will now be referred to as Plentywaka Ghana with the company offering a range of new low-cost and premium vehicles such as mini-vans, cars, and public transportation buses.
Plentywaka has secured a $1.2 million seed round from a wide range of United States, Canada, China, and Nigeria investors. The round was led by Xchange, while Techstars made a follow-on investment. Other investors are SOSV, ShockVentures, Argentil Capital Partners and ODBA & Co Ventures, and other angel investors.
The global pandemic forced Plentywaka to close down its operations for 6 months. To date, it has 960 vehicles registered on its platform and has helped riders commute over 480,000 times within the past 2 years. Following the Ghana acquisition, West Africa’s largest shared mobility startup is planning to expand into 6 African countries in the next 2 years. You can get more details on the Stabus acquisition on the company website.
We are thrilled to announce that we have acquired Stabus, one of Ghana’s leading mobility startups, after securing $1.2M in seed funding
Our famous “black and yellow wall” will now continue its quest to help people move better in Ghana🇬🇭
Read more here👇🏾https://t.co/EqwhlS49EM
— Treepz (@treepzglobal) August 23, 2021
