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The round was supported by several notable investors, including Launch Africa Ventures, Soumobroto Ganguly, and David DeLucia, along with several angel investors.
Fixit45 is a mobile app that provides on-demand car maintenance and repair services.
The app allows users to schedule appointments with verified mechanics who come to their location to perform the necessary services.
Fixit45 also offers various other services, such as car wash, roadside assistance, and spare parts delivery.
The company was founded in 2022 by three entrepreneurs: CEO Olumide Soyombo, COO Tolulope Olanrewaju, and CTO Samuel Olatunji.
Soyombo is a former engineer at Google and Microsoft, while Olanrewaju and Olatunji have both worked in the Nigerian auto industry.
The pre-seed funding round will be used to expand Fixit45’s operations in Nigeria and other African markets.
The company also plans to use the funds to develop new products and services, such as a subscription-based car maintenance service.
The investment in Fixit45 is a sign of the growing interest in the African auto-tech sector.
In recent years, there has been a surge in the number of startups developing innovative solutions to address the challenges of car ownership in Africa.
According to a report by Disrupt Africa, the African auto-tech sector is expected to reach $5 billion by 2025.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Kenyan renewable energy startup Hydrobox has secured $9 million in debt funding to expand its small hydro projects, delivering affordable and reliable electricity to underserved communities in Kenya.
Kenyan clean cooking appliance manufacturer BURN has announced a $15 million investment deal with the European Investment Bank (EIB) to support the distribution of its ECOA Electric Induction Cooker across East Africa.
In a pivotal move to address the gender funding gap in Africa’s entrepreneurial landscape, Village Capital and Standard Chartered Bank have joined forces to launch a pilot financing facility.