Techstars Toronto Welcomes Nigerian Bus-Hailing Startup Plentywaka
The African tech scene continues to make waves, with Nigerian bus-hailing startup Plentywaka receiving a significant boost. The company has been accepted into the prestigious Techstars Toronto accelerator program for its 2021 class. This marks a crucial step in Plentywaka’s journey, opening doors for funding and accelerated global expansion, solidifying its place in the growing African tech landscape.
Plentywaka’s Aggressive Expansion Plans
Plentywaka is one of just ten startups selected for the US-based accelerator. Techstars, known for its ability to nurture innovation, links entrepreneurs and tech founders with investors and multinational corporations. As of 2019, Techstars’ portfolio included over 1,600 startups that collectively held a market capitalization of $18.2 billion. For Plentywaka, joining the Techstars program is strategically important in securing investment for its international growth.
The Managing Director and Co-founder of Plentywaka, Johnny Enagwolor, has revealed that the company aims to introduce an interstate service spanning several Nigerian cities. Plentywaka is evolving into a transportation aggregator, expanding its platform to incorporate various transportation companies. This strategic shift underscores the company’s commitment to providing a comprehensive and accessible transportation solution across Nigeria.
Keywords
Related Keywords: Bus technology news, electric buses, autonomous buses, smart bus systems, bus electrification, public transportation technology, connected buses, bus innovation, future of buses, bus industry news
