What is Shuttlers?
Founded in 2016 and based in Lagos, Nigeria, Shuttlers addresses the critical need for reliable and efficient employee transportation. The company leverages technology to offer scheduled bus-sharing services, providing businesses with a streamlined and cost-effective mobility solution for their workforce. By optimizing routes and utilizing a fleet of vehicles, Shuttlers aims to enhance employee commute experiences, reduce operational overhead for companies, and contribute to more sustainable urban transportation systems. The company's focus on corporate clients positions it as a key player in the B2B transportation sector.
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 EchoVC Partners, VestedWorld, CMC 21 & Alsa, Rising Tide Africa, and Launch Africa
Other Financing Round (2023): $4M led by Verod-Kepple Africa Ventures, EchoVC Partners, and VestedWorld
Key Investors in Shuttlers
EchoVC Partners
EchoVC Partners is a venture capital firm specializing in Sub-Saharan Africa, Europe, and North America, providing financing and cross-pollinating expertise to companies and business models.
VestedWorld
VestedWorld is dedicated to catalyzing growth in underserved markets, particularly in Sub-Saharan Africa, by investing in entrepreneurs and removing barriers to access, focusing on agribusiness, consumer products, and enabling technologies.
Rising Tide Africa
Rising Tide Africa is a women-led angel network focused on empowering female investors and entrepreneurs across Africa through mentorship and investments in early-stage opportunities.
What's next for Shuttlers?
The recent major strategic investment signals Shuttlers' readiness for accelerated growth and market penetration. This capital infusion is expected to fuel expansion initiatives, potentially including fleet augmentation, technological enhancements to its platform, and broader geographical reach within Nigeria and potentially other African markets. The company's ability to attract repeat backing from prominent investors like EchoVC Partners and VestedWorld highlights its strong performance and the perceived potential for significant returns. Shuttlers is poised to further solidify its leadership in the corporate mobility space, driving innovation and efficiency in employee transportation.
See full Shuttlers company page
