New Investments

South African Logistics Startup GoMetro Raises $11.4M in Series A for Global Expansion

GoMetro, a pioneering South African tech company specializing in fleet management solutions, has successfully secured $11.4 million in its Series A funding round.
 

This substantial investment will fuel GoMetro’s ambitious plans to digitize heavy-duty commercial transport operations and refine its advanced fleet management platform across its key markets in the United Kingdom, European Union, United States, and South Africa.

The funding round was spearheaded by Zenobē, a renowned strategic investor specializing in financing and operating electric buses.

FutureGrowth Asset Managers also played a significant role in the round, demonstrating their confidence in GoMetro’s innovative approach to fleet management.

Joining the investment were existing investors 4 Decades Capital, Hlayisani Capital, Tritech Global, Kalon Venture Partners, ESquared Ventures, and Greg Fury, who have consistently backed GoMetro’s transformative vision.

This infusion of capital will serve as a catalyst for GoMetro’s mission to empower fleet operators with data-driven decision-making capabilities, enabling them to optimize resource utilization, reduce operational risks, and enhance customer satisfaction.

In the highly competitive transportation industry, where fleet owners face constant pressure to stay ahead of the curve, GoMetro’s solutions provide a decisive edge, propelling companies towards growth and sustainable success.

GoMetro’s Bridge, a cloud-based platform, plays a pivotal role in the electrification of buses and trucks, a sector poised for significant growth in the coming years.

With GoMetro Bridge, fleet operators gain access to a comprehensive suite of telematics-driven features, tailored to support their transition to all-electric fleets. Utilizing their own telematics data, GoMetro Bridge provides fleet owners with a comprehensive assessment of their readiness for EV adoption.

GoMetro’s Series A funding marks a significant milestone in the company’s journey, solidifying its position as a leading innovator in the fleet management industry.

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