GreenTec invests in Kenya’s logistics platform Amitruck

Amitruck Banner

Frankfurt (Germany) and Nairobi (Kenya), April 2020. GreenTec Capital is very pleased to announce our investment in Kenya’s Amitruck. Amitruck is an innovative mobile and web based trucking logistics platform that brings together cargo owners and transporters for their mutual benefit.

a phone with the amitruck app
A smartphone with the Amitruck app

Logistics spending in Africa by manufacturers and retailers has crossed the $160 billion mark back in 2018 and keeps growing. However the sector across the continent suffers from fragmentation and lack of transparency. According to a study by the United Nations Economic and Social Council, in accessing foreign markets, on average, Africa’s transport and insurance costs represent 30 per cent of the total value of exports. By matching cargo owners with trucking logistics professionals through a digital competitive bidding process, Amitruck brings trust and transparency into the African logistics sector.  Amitruck’s solution cuts out expensive middlemen whilst increasing security as all drivers and vehicles are vetted and goods in transit insured.

 “Logistics is a significant challenge in Africa and the current crisis is only making this more obvious. Amitruck’s solution has the potential to tackle the fragmentation and lack of trust in the sector while enabling capacity growth by increasing driver and truck owner accessibility to the broader market. We are extremely proud to be kicking off this long-term collaboration with Amitruck’s team” Maxime Bayen, Senior Company Builder at GreenTec.

“With a presence in Germany and in Africa, Greentec is an ideal partner as we continue to scale our business” said Mark Mwangi CEO of Amitruck. “We’re excited to have a partner on board that provides vast strategic experience in our market.”

Amitruck has already demonstrated impressive traction and has a strong team prepared to take the company forward. GreenTec will work closely with Amitruck to support the company’s growth plans and further scaling.

 

Other Posts

Coliba Collaborates with Vivo Energy to Collect Plastic Waste at Shell Service Stations

Frankfurt, Germany & Abidjan, Côte d’Ivoire, Sept., 2021.  GreenTec Capital (GCP) is pleased to share that Coliba, a GCP waste-to-value start-up in Côte d’Ivoire, announced that it has signed a contract with Vivo Energy’s Ivorian subsidiary to manage its plastic waste.   Coliba trains persons in the “informal waste collection sector” in Abidjan to collect…

read more

GreenTec’s Tomi Davies shares his POEM Framework at Tanzania Venture Capital Network Webinar

London (England) & Frankfurt (Germany), Sept. 2021.  GreenTec Capital is pleased to share that Tomi Davies (TD), it’s Chief Investment Officer, participated in an interesting and informative webinar hosted by the Tanzania Venture Capital Network (TVCN).  Founder of TVCN and CEO of SSC Capital, Salum Awadh, led the discussion and asked TD questions focused on…

read more

Amitruck CEO Tells his Journey to Leading a Successful, Kenyan Logistics Firm

Frankfurt, Germany & Nairobi, Kenya, August 2021.  GreenTec Capital is pleased to share that Mark Mwangi, CEO and Co-Founder of Amitruck, a GreenTec portfolio company working in logistics-tech, was interviewed on the Fiftyfaces Focus podcast, The Last Frontier: Diverse Founders and VCs. Podcast host, Ms. Aoifinn Devitt, walked Mark through his journey from a truck…

read more