Number of visitors 2 Million +

ለእርስዎ እና ለቤተሰብዎ ወቅታዊ የመረጃ ምንጭ

እንኳን  ወደ ድህረገጻችን  በደህና  መጡ

Tolo Transport: Transforming Sustainable Transportation through Technology and Innovation

Save
Share

According to a recent BBC report, Sub-Saharan Africa’s motorbike taxi market could reach around $80 billion, and investors are keenly backing startups committed to advancing “Uber-isation” within the sector.

Our company, Tolo Transport, is at the forefront of revolutionizing transportation and delivery services in Ethiopia. With a strong commitment to punctuality and convenience, we take pride in offering a range of solutions that make peoples’ life easier. Our mission revolves around simplifying transportation and delivery so people can focus on what truly matters. Our services include Tolo transport, Tolo parcel delivery, and Tolo shopping. With the help of our “Tolo ET” app and 9558 call center, we are gearing up to provide sustainable transportation and delivery services through technology and innovation.

Investment Offer: Tolo has raised more than ETB 5 million from multiple investors. However, the company is currently looking for additional funding which will be used for financing the purchase of E-bikes, developing in-house ride-hailing and delivery app, and for marketing activities. This will help us to expand our services in Addis Ababa and the surrounding areas. The company is intending to raise ETB 25 million for 12.5% equity share in Tolo Transport with a minimum investment contribution of ETB 30,000.

Why now is the right time to invest?

  • Huge untapped market in Addis Ababa and the possibility of expanding across Ethiopia.
  • The Ethiopian government has recently waived VAT, Surtax, and Excise Tax on the import of all types of electric vehicles.
  • The investment creates employment opportunities as Addis Ababa experiences high rate of youth unemployment despite economic growth.
  • The bike service industry needs automation to improve booking, ordering, and communication methods which increases efficiency.

Interested potential investors may contact us with the following address.

+251921296933

[email protected]

www.Tolo9558.com

    Investment Amount

    Totlal investment needed for 12.5% Equity Share ETB 25 Million

    Potential ROI

    Not specified

    Criteria to Invest

    Minimum investment by a single investor - ETB 30,000

    Current Funding Stage

    • Growth

    Regulatory Requirements to Inv

    Not Specified

Location

Addis Ababa, Ethiopia

Current Ownership Structure

  • Equity Split

Opportunity Status

  • Open

Contact Person

Tibebe Solomon

Contact Email

Contact Phone Number

+251921296933