Nigerian Mobility Company Shuttlers Raises USD 4 M Funding

Shuttlers, a Nigerian shared mobility company that allows individual and corporate passengers to take rides on multiple bus routes via an app, has raised USD 4 M in a new funding round led by Verod-Kepple Africa Ventures (VKAV), a Pan-African focused venture capital firm. The round welcomed participation from follow-on investors, including VestedWorld, SheEquity, CMC 21 & Alsa, and EchoVC.

Shuttlers’ features include live bus tracking, optimal routing based on traffic, digital payments, and ride schedules. It has three payment plans: Companies paying full fare for employees, companies splitting fares with employees, and individual customers, unaffiliated with any partner company, paying fares themselves. With Shuttlers, these employees can book seats on one of the buses along predetermined and scheduled routes.