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Understanding the Surge in African Logistics Funding
As we delve into the landscape of logistics and mobility startups in Africa, a fascinating story of resilience and opportunity emerges. The overall tech ecosystem in Africa witnessed a remarkable surge, with funding levels rising dramatically to $1.4 billion in the first half of 2025, which is a staggering 78% increase compared to the same period in 2024. Out of this, logistics and mobility startups secured $115 million, a noteworthy figure that highlights the sector's potential amidst fluctuating investment dynamics.
The Rollercoaster Funding Journey
The journey of funding within Africa's logistics and mobility sector has been far from linear. At its peak, the sector enjoyed $346 million in funding by the first half of 2022, only to plummet to $82 million in the first half of 2023. Yet, a recovery took shape in 2024, driven mainly by significant rounds such as the $110 million raised by Moove. While the current H1 2025 figures show a decline in funding compared to 2024, the resilience is clearly visible as this marks the third most active deal period since 2019, reflecting sustained confidence among investors.
The Top Funded Startups of H1 2025
The following are highlights of the standout funding rounds from the first half of 2025, showcasing the innovation and growth potential within the African logistics sector:
Gozem: Pioneering a Super App for Francophone Africa
Securing $30 million in a Series B funding round, Gozem is revolutionizing the mobility landscape across Togo, Benin, Gabon, and Cameroon. This super app extends services from ride-hailing to digital banking, aiming to build a comprehensive ecosystem. With this investment, Gozem plans to finance vehicle acquisitions and further develop its fintech offerings. The backing from SAS Shipping Agencies Services and Al Mada Ventures underscores the growing interest in multi-service platforms in emerging markets.
Sylndr: Driving the Used Car Marketplace in Egypt
Sylndr has made waves by obtaining $15.7 million in Series A funding, which will be utilized to digitize its used car marketplace. This Cairo-based platform not only enhances its buying and selling features but also integrates financing options for consumers, reflecting changing consumer behaviors in the automotive sector. Backed by powerful investors like DPI's Nclude Fund and Partech, Sylndr now boasts over $30 million in funding, positioning it as a formidable player in Egypt's car market.
Peach Cars: Bridging Japan and Africa's Automotive Markets
With $11 million in Series A funding from Suzuki Global Ventures and others, Peach Cars is on a mission to establish transparency in the used car market in Kenya. Employing advanced inspection technologies and offering embedded auto-financing, the startup addresses the trust issues long prevalent in this space. The funds will help expand its services across East and Sub-Saharan Africa, indicating a broader regional strategy to capture market share in a vital industry.
MyNextCar: Enhancing Fleet Services for Ride-Hailing
MyNextCar closed a pivotal $10 million funding round aimed at expanding its fleet to support Bolt's ride-hailing operations. This investment positions MyNextCar as a critical player in enhancing driver availability and vehicle supply in a competitive landscape increasingly characterized by rising customer expectations for more efficient ride solutions.
Kofa: Innovating Clean Energy Solutions
Based in Ghana, Kofa stands out as a clean energy technology firm specializing in AI-powered battery swapping for electric vehicles. While specific funding details weren't included in the top highlights, the innovation around sustainable transportation technologies is a key theme in this year’s funding narrative.
The Future of Logistics in Africa
The trajectory of startup funding reflects broader economic trends and investor sentiment towards Africa’s logistics sector. With the continent's growing population and urbanization rates, there is an increasing demand for reliable transport and logistics solutions. As startups like Gozem, Sylndr, and Peach Cars chart new territories, they not only reshape the market but also highlight the vast untapped potential in African economies.
Conclusion: Navigating the Future of Mobility
Understanding these trends is critical for investors, entrepreneurs, and consumers alike, illustrating how technological innovations and strategic investments can significantly drive growth in Africa’s logistics and mobility space. Keeping an eye on this emerging landscape promises insights into the future of transportation not just in Africa, but globally.
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