Tech in Africa
Mobility54, an investment company backed by the Toyota Tsusho Group has channeled is scouting for promising mobility-related startups as part of its grand mobility strategy for the continent.
Mobility 54 Investment SAS – established in October 2019 in part of a joint venture between CFAO and Toyota Tsusho – has invested in Data Integrated Limited (DIL), a transport management system company in Kenya.
DIL is founded by Ms. Mary Mwangi, the founder, and CEO. The budding mobility startup works with over 3,000 bus operators and 40 matatu cooperatives running digital ticketing and bus management systems. As part of a preventative measure to curb the spread of Covid-19, the Kenya Transport Authority is poised to impose cashless payments in public transport. DIL’s cashless system has already won approval from the authority, including a passenger application for searching buses, booking payments, and fully leveraging the operation network.
Through the investment into DHL, Mobility54 aspires to fully engage in MaaS/CASE businesses from a software perspective, slightly pivoting from its precursor hardware riven model.
