What is Shuttlers?
Founded in 2016 and headquartered in Lagos, Nigeria, Shuttlers operates as a tech-enabled scheduled bus sharing platform. The company's core mission is to provide businesses with enhanced and efficient mobility options for their employees. By leveraging technology, Shuttlers aims to optimize commuting experiences, reduce operational costs for companies, and contribute to more sustainable urban transportation.
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 Launch Africa, VestedWorld, EchoVC Partners, CMC 21 & Alsa, and Rising Tide Africa
Other Financing Round (2023): $4M led by Verod-Kepple Africa Ventures, EchoVC Partners, and VestedWorld
Key Investors in Shuttlers
Launch Africa
Launch Africa is an organization focused on supporting entrepreneurs and startups in Africa by providing resources and valuable insights to foster business growth and innovation across the continent.
VestedWorld
VestedWorld is an impact-focused investment firm dedicated to catalyzing growth in underserved markets, particularly in Sub-Saharan Africa, by investing in entrepreneurs and removing access barriers.
EchoVC Partners
EchoVC Partners is a venture capital firm that provides financing and strategic support to companies, teams, and business models across Sub-Saharan Africa, Europe, and North America.
What's next for Shuttlers?
The substantial enterprise-level funding indicates Shuttlers is poised for significant scaling and expansion. This strategic investment will likely fuel further technological development, service area expansion within Nigeria and potentially into other African markets, and enhancements to its platform's user experience. The company's focus on corporate employee transport positions it to capitalize on the growing demand for reliable and organized commuting solutions in urban centers across the continent.
See full Shuttlers company page
