Car Sharing Startups in Africa

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Car sharing in East Africa has seen promising growth, with players like Locomute, dryve, and GoMyWay gaining traction. However, the market remains fragmented and faces challenges such as limited infrastructure and high vehicle acquisition costs. Local business leaders are cautiously optimistic, acknowledging potential but also highlighting the need for improved regulation and consumer education.

Cummulative Funding

$6.4M+

Total # of Companies

5

Total Deal Count

7

Total M&A Count

0

Total # of Investors

2

List of Car Sharing startups in Africa

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StartupOverviewLast roundTotal raisedFounded
1.

Locomute is offers consumers a more tech-savvy and flexible approach to car rentals and transportation.

Venture

$ 5,000,000

2015

2.

dryve is revolutionizing mobility in the Middle East!

Funding Round

$ 1,312,000

2017

3.

GoMyWay is a ride sharing service that connects private car owners with empty seats to passengers going the same way across Nigeria.

Seed

$ 175,000

2015

4.

HURRY is an Egyptian MaaS startup which provides free floating car sharing through a fleet of gas and electric cars.

Undisclosed

Undisclosed

2019

5.

Zuru Car Rental is a Kenyan startup connecting car owners with travelers seeking to hire those cars

Pre-seed

Undisclosed

2018

Locomute

Founded

2015

Overview

Locomute is offers consumers a more tech-savvy and flexible approach to car rentals and transportation.

Last round

Venture

Total raised

$ 5,000,000

Employee

dryve

Founded

2017

Overview

dryve is revolutionizing mobility in the Middle East!

Last round

Funding Round

Total raised

$ 1,312,000

Employee

11-50

GoMyWay

Founded

2015

Overview

GoMyWay is a ride sharing service that connects private car owners with empty seats to passengers going the same way across Nigeria.

Last round

Seed

Total raised

$ 175,000

Employee

1-10

HURRY

Founded

2019

Overview

HURRY is an Egyptian MaaS startup which provides free floating car sharing through a fleet of gas and electric cars.

Last round

Undisclosed

Total raised

$ 0

Employee

2-10

Founded

2018

Overview

Zuru Car Rental is a Kenyan startup connecting car owners with travelers seeking to hire those cars

Last round

Pre-seed

Total raised

$ 0

Employee

2-10

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