What is Shuttlers?
Founded in 2016 and headquartered in Lagos, Nigeria, Shuttlers operates as a tech-enabled scheduled bus-sharing platform. The company addresses the critical need for reliable, safe, and efficient transportation for the workforce in densely populated urban centers. By providing companies with structured mobility options, Shuttlers effectively mitigates the logistical hurdles associated with daily commuting in emerging markets. The firm occupies a unique position at the intersection of logistics, software-as-a-service, and urban infrastructure, serving as a vital link in the corporate productivity chain.
How much funding has Shuttlers raised?
Shuttlers has raised a total of $5.6M across 2 funding rounds:
Angel/Seed
$1.6M
Other Financing Round
$4M
Angel/Seed (2021): $1.6M with participation from CMC 21 & Alsa, VestedWorld, Rising Tide Africa, Launch Africa, and EchoVC Partners
Other Financing Round (2023): $4M led by EchoVC Partners, Verod-Kepple Africa Ventures, and VestedWorld
Key Investors in Shuttlers
VestedWorld
VestedWorld is a venture firm dedicated to catalyzing growth in underserved markets, particularly in Sub-Saharan Africa, by investing in entrepreneurs and removing barriers to access.
EchoVC Partners
EchoVC Partners is a privately owned venture capital firm that provides financing and cross-pollinating support to companies and business models in Sub-Saharan Africa, Europe, and North America.
Rising Tide Africa
Rising Tide Africa is a women-led angel network focused on empowering female investors and entrepreneurs across the continent through mentorship and high-potential early-stage co-investment opportunities.
What's next for Shuttlers?
With the successful closure of this major strategic investment, Shuttlers is poised to accelerate its operational expansion and technological development. The company is expected to leverage this capital to optimize its route-planning algorithms, increase its fleet capacity, and potentially enter new geographic markets within the Sub-Saharan region. As the demand for organized corporate transport continues to rise, Shuttlers remains focused on scaling its platform to meet the evolving needs of enterprise clients, ensuring that its mobility solutions remain both scalable and sustainable in the long term.
See full Shuttlers company page
