November 16, 2021

Nigerian Shared Mobility Startup Shuttlers Raises $1.6M, And Plans Pan-African Expansion

Shuttlers, a “tech-enabled scheduled bus sharing” company, has raised $1.6 million in seed funding from several investors to blitz scale within and outside Nigeria.

Via its ridesharing platform, the firm provides companies with better mobility options for their employees. 

It also offers a fully functional app that allows mobile professionals on its three plans to book rides.

In addition, through the platform, commuters can book a seat on one bus that goes along predetermined and scheduled routes.

The company said that some of its other features include live bus tracking, optimal routing based on traffic, and digital payments.

It also has a subscription feature where commuters can schedule rides in advance over some time.

Chicago and Africa-focused investment firm VestedWorld led the round.

Fintech unicorn Interswitch, Africa-focused VCs Rising Tide Africa, Launch Africa, EchoVC, Consonance Investment, CcHub Syndicate, CMC 21 & Alsa, ShEquity, Five35, Sakore, and Nikky Taurus also participated in the round.

It was founded in 2016 by CEO Damilola Olokesusi to address the issue of inefficient transportation costs in Nigeria’s most renowned urban city, Lagos.

“Our mission is to transform the way people commute around the world by building a global partner network and connecting communities of shuttlers like we are presently doing in Lagos, Nigeria,” Olokesusi said in a statement.

Abbianca Makoni

Abbianca Makoni is a content executive and writer at POCIT! She has years of experience reporting on critical issues affecting diverse communities around the globe.

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