Deal Street

African Startup Funding Tracker


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Stellantis Invest In Africar Group To Create Auto24
Stellantis Invest In Africar Group To Create Auto24

Africar, an online car marketplace operating in over 40 African countries, has partnered with Stellantis, the parent company of Maserati, Peugeot, Fiat, and Chrysler among other brands, to launch Auto24, a used car marketplace for Africa. Auto24 will launch in Ivory Coast, and Africar has plans to expand the marketplace across the continent over the upcoming quarters and years.

Auto24 wants to digitize the process of selling and buying used cars, which is often wrought with several problems on both sides of the transaction. For sellers, the startup will inspect each vehicle based on its 100 points of inspection before accepting the car, service the car to its standard and then, offer its price.