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...
Pan-African Eyewear Startup Lapaire Raises $3 Million to Expand Across Africa
Lapaire, the African eyewear startup providing stylish and affordable glasses to the continent, is scaling up its vision with a fresh $3 million investment.
Spiro Secures $215 Million to Expand Electric Mobility Network Across Africa
African electric mobility company Spiro has raised $215 million in fresh funding to accelerate the expansion of its electric vehicle ecosystem and battery-swapping infrastructure across the continent.
EIB Global Commits €40 Million to Speedinvest Fund Targeting African Tech Startups
EIB Global has committed €40 million to a Speedinvest-managed fund that will invest in African technology startups across key and emerging markets.