New Investments
Chargel raises $2.5m seed funding to revolutionize logistics in Francophone Africa
Senegalese logistics company Chargel has secured $2.5 million seed funding for Francophone Africa expansion.
The funding round was led by Logos Ventures, with the participation of Ventures Platform Fund, Foundation Botnar, DFS Labs, and Seedstars. Founded in 2018, Chargel is revolutionizing the trucking industry in Francophone Africa by seamlessly connecting shippers with the perfect transporters at competitive prices and managing everything from payments to fuel and insurance.
As part of its mission to simplify the logistics landscape, the innovative startup is creating the biggest trucking network in Senegal. This move is aimed at empowering shippers to find reliable transporters while helping transporters increase their operations’ efficiency by maximizing truck capacity
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
You may also like...
IFC, Proparco, and Helios Partner to Invest in Africa’s Sports and Entertainment Industry
The International Finance Corporation (IFC), Proparco, and Helios Sports and Entertainment Group have announced a strategic partnership to drive growth in Africa’s sports and entertainment sector.
EV Company Spiro Revs Up Africa Expansion with $50 Million Afreximbank Loan
African electric vehicle (EV) leader Spiro announced a significant boost to its expansion plans with a $50 million debt financing agreement signed with Afreximbank, the pan-African multilateral financial institution.
Sanari Capital Invests $5 Million in Energenic Holdings to Boost Energy Solutions in Africa
South African private equity firm Sanari Capital has announced a significant R87.5 million (approximately $5 million) investment in Energenic Holdings, a leading provider of energy generation products and solutions operating in over 32 African countries.
