Baobab Insights publish ‘ones to watch’ in the mobility space, as well as fresh market data on VC trends in the transport and logistics sector in Africa
Investment continues to flow into transport and logistics, with on-demand mobility making waves in the sector
In July of this year, the Baobab Insights research team published a market briefing looking at VC trends in the mobility space in Africa.
Some of the key learnings, trends and companies are shared here.
In terms of funding into transport and logistics companies, there has been an increase from $6.24 million across 17 deals in 2015 to $218.742 across 69 deals in 2019, peaking in 2018. Among these investment transactions, on-demand mobility start-ups have been an increasingly significant benefactor, attracting $112.216 million USD in 2019 across 29 deals.
On-demand mobility is now becoming a more saturated market, having only been a relatively nascent space just a few years ago. There are now a total of 89 active on- demand services in operation across Africa. This combined with an increase in later rounds of funding such as Series B-C indicates a more mature marketplace.