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
www.Tolo9558.com
- Growth
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
Regulatory Requirements to Inv
Not Specified
Opportunity Type
Location
Addis Ababa, Ethiopia
Current Ownership Structure
- Equity Split
Opportunity Status
- Open
Contact Person
Tibebe Solomon