Shuttlers app-based startup company makes Techbooky Africa’s report having bagged millions of dollars from Pan African venture capitalists and investors to fuel its shared ride-hailing service in penetrating the existing marketplace. The four million dollars offered to Shuttlers shared ride-hailing solutions will alter commute corporate trips in Africa.
Shuttlers CEO Damilola Olokesusi said egocentric comments that intend to rival existing ride-hailers in the transport industry. “There’s no doubt that we are miles apart from the competition, in terms of the number of customers, the technology, and routes. The Shuttlers infrastructure allows us to expand into different geographies within and outside Nigeria and supports multiple stakeholders, from partners and drivers to marshals and administrative bodies.”
The shared ride-hailer is committed to serving the continental commercial market, Lagos Nigeria. Due to the massive customer base. The mobility start-up ride-sharing service intends to leverage intense transport solutions. The massive population in Lagos impacts behemoth revenue inflow in line with the geographical area’s commercial status.
The Verod-Kepple Africa Ventures (VKAV) reportedly led Shuttlers to gain an additional $4 million in business capital to drive its ride-sharing solutions across the West African market. Other investors such as SheEquity, CMC 21 & Alsa, VestedWorld, and EchoVC also offered adequate investment to mark up the four million dollars the mobility start-up company secured.
“Before our first funding, when we didn’t do marketing and PR, I think we had the highest market share in bus hailing and sharing space.” At the moment Shuttlers “main focus is to take over the bus-sharing space and be this huge startup that, you know, is very profitable,”
Shuttlers ride-hailing solution is similar to the likes of Uber, Bolt, Taxify, and others with lifting passengers to their preferred destination, while mobility start-up company commutes passengers in the corporate industry sharing rides. The mobility start-up professionally offers client employees systemic shared ride-hailing solutions via a bus-shaped vehicle.
Shuttlers has relentlessly commuted passengers since its debut in 2016 — to date, the mobility start-up company has received more investment to fuel its ride-sharing solutions in its host country. The $4 million investment funds the mobility start-up company bagged will impact companies to continue to pay complete fares for the employee.
The mobility start-up company also allows companies to split the fare with their employees to promote commutation. Individuals are exclusive on the Shuttlers mobility infrastructure that indulges all the players of the economy to share ride-hailing service via Shutters.