Kenyan startup Amitruck raises $4M in seed funding to expand in Africa

By : Muriel Edjo

Date : vendredi, 04 février 2022 14:20

Barely two years after launching, Amitruck already has over 8,000 vehicles registered in its database, completed 100,000 deliveries, for more than 300 corporate clients.

Amitruck is a digital trucking logistics service launched in 2019 by the eponymous Kenyan startup. On February 2, 2022, the firm raised $4 million in seed funding. Led by Better Tomorrow Ventures (BTV), with participation from Dynamo Ventures, Rackhouse Venture Capital, Flexport Inc, Knuru Capital, Launch Africa Ventures, Uncovered Fund, and strategic angel investors, the round will allow Amitruck to speed up its expansion in Africa and hire new talent.

Founded by Mark Mwangi (picture), Amitruck connects businesses and individuals, who need to move their goods, with truck owners and logistics companies. Mwangi came up with the idea after realizing that the informal logistics sector, which uses archaic manual systems, was fragmenting and unnecessarily increasing operating costs.

By integrating new technologies in transit operations, the Kenyan founder aimed to modernize and make the sector safer in Kenya. Plus, the service dealt with the issue of middlemen who raise costs of services, enabling customers to deal directly with the selected carrier. All drivers and vehicles are checked, and goods in transit are insured against loss and damage to ensure safe operations. 

Barely two years after launching, Amitruck already has over 8,000 vehicles registered in its database, completed 100,000 deliveries, for more than 300 corporate clients. To access the service, customers must first log in to the platform's web address or download the app from Play Store. Once that is done, they must create their account, which will be approved. With this account, users can book a truck, van, motorcycle, bicycle, among others, to transport their goods. Once validated and initiated, users can track their goods as they move. Payment is made only after goods are delivered and the client is satisfied.

The startup - which joined, in 2021, the Ninja Accelerator program of the Japan International Cooperation Agency (JICA), Google’s Black Founders Fund Accelerator, and AbInbev's Budstart Accelerator program - wants to "attract more carriers and shippers" in 2022. 

Muriel Edjo

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