Tech in Africa
Nigeria tech-enabled and shared mobility startup Shuttlers has completed a US$1.6 million seed round and looks to scale its operations to cities across Africa. The expansion will focus on cities across Nigeria before spreading further to other countries.
Shuttlers was founded in 2019 by Damilola Olokesusi. Trips delivered through Shuttlers’ fixed routes services are now 80% less costly than other ride-hailing services. Since 2019, Shuttlers has had a fully functional app that allows mobile professionals on its three plans to easily book rides. Through the platform, commuters can book a seat on one of the busses that going across pre-determined and scheduled routes. Other features offered to users of the service are live bus tracking and optimal routing based primarily based on traffic and digital payments.
Commuters remain in a position to take charge of their schedules with Shuttlers’ subscription feature that helps in booking advance rides over a certain period. The startup has thus far facilitated over five million trips.
The US$1.6 million seed round was led by VestedWorld, alongside participation from Interswitch, Launch Africa Ventures, Rising Tide Africa, EchoVC Partners, Alsa, CMC 21, ShEquity, Consonance, Five35, Sakore, CcHub Syndicate, and Nikky Tarus.
The news we’ve all been waiting for! We are delighted to announce our raise. Click the link below to read all about it.https://t.co/VCXSKvizMR#shuttlers10x 🚀🚀🚀 pic.twitter.com/5XLLmnFLjG
— Shuttlers™ (@Shuttlersng) November 16, 2021
