In the first half of 2025, Africa’s tech sector raised a total of $1.4 billion in deals, including fundraising, acquisitions, and company exits. According to Africa: The Big Deal, this marks a 78% increase compared to the same period in 2024. Out of this total, African logistics and mobility startups secured $115 million.
The African logistics and mobility sector has experienced many ups and downs. In 2022, it attracted $346 million in funding during the first half of the year. However, investments dropped sharply to $82 million in H1 2023. The sector bounced back to $217 million in 2024, thanks to Moove’s $110 million funding round.
Although this year’s H1 funding is lower than last year’s, it still ranks as the third most active period since 2019. This shows that investors remain confident in Africa’s transport and delivery startups.
Here are the top 10 equity funding rounds in the African logistics and mobility sector in H1 2025, each startup raising at least $5 million:
1. Gozem – $30 Million
Gozem, a Francophone African super app, raised $30 million in a Series B round. Half of the money came as equity and the other half as debt. MSC Group’s SAS Shipping Agencies and Al Mada Ventures led the investment. Gozem operates in Togo, Benin, Gabon, and Cameroon, offering services like ride-hailing, delivery, vehicle financing, and digital banking. The company plans to use the funds to buy more vehicles for drivers, expand to new countries, and grow its fintech product, Gozem Money.
2. Sylndr – $15.7 Million
Egypt-based Sylndr raised $15.7 million in a Series A round. DPI’s Nclude Fund and Partech led the investment. The startup runs a digital marketplace for buying, selling, and financing used cars. The company will use the funds to improve its platform and grow its services across Egypt. Since its launch in 2021, Sylndr has raised more than $30 million.
3. Peach Cars – $11 Million
Peach Cars, a Kenyan online marketplace for used cars, raised $11 million in Series A funding. Suzuki Global Ventures led the round, joined by the Japan Bank for International Cooperation, Gogin Capital, and UTEC. Peach Cars plans to expand across Kenya and into other African countries. The company also plans to build car inspection hubs and improve its vehicle verification tech. So far, it has raised $16 million across two rounds.
4. MyNextCar – $10 Million
MyNextCar, a car leasing startup based in South Africa, raised $10 million in its first institutional funding round. Emso Asset Management led the round, with support from Bolt, Assemble Capital, and E2 Investments. The company will use the money to add 1,500 vehicles to its fleet and grow Bolt Lite, a low-cost ride option. It also plans to help more drivers earn income through leasing.
5. Kofa – $8.1 Million
Kofa, based in Ghana, raised $8.1 million in pre-Series A funding. The total includes $3.25 million in equity, $590,000 in grants, and $4.32 million in debt. E3 Capital and Injaro Investment Advisors led the round, with support from Shell Foundation and other investors. Kofa creates AI-powered battery-swapping systems for electric motorcycles, homes, and small businesses. The company plans to expand to more cities in Ghana and Kenya.
6. Taager – $6.75 Million
Taager is a social e-commerce platform that started in Egypt and now runs from Saudi Arabia. The company raised $6.75 million in a pre-Series B round. Norrsken22 led the funding, joined by existing investors like 4DX Ventures, Raed Ventures, BECO Capital, and others. Taager will use the funds to grow across the MENA region, improve its AI tools, and expand in Egypt, Saudi Arabia, the UAE, and Iraq. The platform helps online sellers with storage, shipping, payments, and product listings.
7. FutureRent – $5.7 Million
FutureRent, a Cape Town-based car subscription startup, secured R100 million (about $5.7 million) from a German family office. The company will use the funding to add over 450 vehicles to its fleet and meet rising demand for flexible car services. FutureRent’s model replaces car ownership with subscriptions that include insurance and maintenance.
8. Zero Carbon Charge – $5.5 Million
Zero Carbon Charge, based in South Africa, raised $5.5 million from the Development Bank of Southern Africa. The company builds off-grid, solar-powered charging stations for electric vehicles (EVs). These charging stations will be placed every 150 kilometers along national roads and will work independently from the power grid. Each station comes with solar panels and battery storage. Landowners who host the sites will earn a share of the revenue.
9. Arc Ride – $5 Million
Kenya’s Arc Ride raised $5 million from British International Investment. The startup leases electric motorcycles and runs a battery-swapping service for boda boda (motorcycle taxi) riders. The funds will support the rollout of 5,000 electric bikes and expand the battery-swapping network across Nairobi and East Africa. Arc Ride wants to cut costs and downtime for riders and lead the electric motorcycle market.
10. Leta – $5 Million
Leta is a Nairobi-based software company that optimises freight and delivery logistics by providing AI-powered route management for African businesses. It raised $5 million in a seed round led by Speedinvest. Google’s Africa Investment Fund and Equator VC also took part. Leta helps businesses manage delivery and freight using smart route planning tools. The funds will help the company grow into more African countries and improve its tech. Leta already works in Kenya, Uganda, Nigeria, Zambia, and Zimbabwe.
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