South African Startup GoMetro Secures USD 11 M Series A Funding

GoMetro, a fast-growing South African tech company that operates in the fleet management space, has announced the successful completion of a £9 million (USD 11 M) Series A funding round. The round was led by new investor Zenobē, with significant participation by FutureGrowth Asset Managers. Following-on in the round were existing investors 4 Decades Capital, Hlayisani Capital, Tritech Global, Kalon Venture Partners, ESquared Ventures and Greg Fury.

GoMetro’s Bridge is a cloud-based platform that manages the data streams required for successful electrification of buses and trucks. With GoMetro Bridge, users gain access to a wide range of telematics-driven features specifically designed to support their transition to all-electric fleets, using their own telematics data to provide an assessment of the fit to expected EV adoption scenarios for a fleet owner. The infusion of capital will serve as a catalyst for GoMetro’s mission to digitize heavy duty commercial transport operations and further develop its state-of-the-art fleet management platform in its key markets of the United Kingdom, EU, USA and South Africa.