Mobility Startup Kai Senegal Secures Seed Investment

YEEG SAS, a company that operates ride-hailing startup Kai Senegal, has secured a seed investment from Mobility 54 Investment SAS, the corporate venture capital subsidiary of Toyota Tsusho Corporation and CFAO SAS. Through Mobility 54’s engagement, the Toyota Tsusho/CFAO collaboration seeks to aid local imaginative solutions to the many challenges that public transportation in West African countries encounters, such as low service quality, insecurity, and traffic congestion.

Kai is a digital ride-hailing app that connects customers with drivers and a fleet management solution that allows private owners and institutional investors to buy and maintain high-quality vehicles. The ride-hailing software seeks to enable more efficient pick-ups and transparent pricing, while the financing plan seeks to allow vehicle quality and, as a result, increased passenger safety.