Opportunities to join Amitruck Solylend campaign and make an impact!

Amitruck team

Frankfurt (Germany) and Nairobi (Kenya), February 2021. Amitruck is currently running a crowdlending campaign on Solylend, the France-based crowdlending platform, and they are well on their way. In fact, the campaign will run for several more days providing enough time for more investors to jump onboard. So far, almost 300 individuals have already invested over 85,000 Euros!  While the initial target was set at €100,000, Amitruck is hoping to go beyond this threshold in the coming days!

Amitruck, founded in Nairobi, Kenya in 2018, has developed a trucking logistics marketplace for Kenyan shippers and truckers. According to Mark Mwangi, Amitruck’s Founder and CEO, “Approximately 60% of the total cost of transported goods in Kenya is attributable to ineffeciencies in the logistics supply chain. There are typically 2-3 ‘middle men’ involved in most off-platform delivery transactions, and our digital platform removes that expensive and unnecessary cost.”

The Amitruck digital platform brings shippers, fleet owners, and independent truck drivers together to mutual benefit. Once a cargo owner posts a job, drivers bid for shipping assignments ensuring competitive pricing. The platform empowers both parties to the transaction by providing a transparent and fair system for setting prices and delivery schedules. This transparency allows cargo owners and transporters to spend less and earn more; and this cost savings is ultimately passed on to consumers. “By reducing this cost,” said Mr. Mwangi, “…you greatly improve the ability of lower income families to access critical products such as toothpaste, painkillers, and food.” Every load transported by Amitruck drivers is covered by insurance, providing additional peace of mind to cargo owners. In addition, and of significant importance, shippers and drivers leverage the Amitruck digital platform to optimize the scheduling of deliveries resulting in a more efficient utilization of each truck, thereby positively impacting the environment through reduced carbon emissions.

Amitruck’s platform has already gained impressive traction, with more than 10,000 trips completed as of last January, and close to 4,000 of those trips completed within the past 3 months. The platform is attracting large and small clients, including Jumia, Kenya’s largest E-commerce player. In addition to cargo owners, Amitruck has also attracted more than 260 fleets and 770 independent transporters to the platform. Building on this success, Amitruck plans to use the Solylend funding for financing and working capital to be used to further develop the platform and prepare for further growth in Kenya and beyond.

To learn more about Amitruck and how you can join the crowdlending campaign check the links for the French and English versions of Solylend’s website. The campaign will run for a few more days, so there is still time to join!



Other Posts

Boreal Light GmbH opened first of 28 Solar Water Desalination Systems in Kenyan Hospital

Mombasa (Kenya) & Frankfurt (Germany), June, 2021.  GreenTec Capital Partners is very proud to announce that Boreal Light GmbH opened its first of 28 planned solar water desalination systems in Kenyan hospitals.  Boreal Light developed and builds the independent desalination systems to operate in “off-grid” areas. Dr. Hamed Beheshti, CEO of Boreal Light said “The…

read more

Amitruck secures pre-seed funding for East African growth

Frankfurt (Germany) and Nairobi (Kenya), February 2021. GreenTec is pleased to report that Amitruck has announced significant undisclosed, pre-seed investments from two US based investment firms, Dynamo Ventures and Plug and Play Ventures, as well as from several other angel investors. Amitruck, founded in Nairobi, Kenya in 2018, has continued to grow very quickly showing…

read more

Case Study (B2B): How Pricepally helps organizations save on food costs in Nigeria. 

Frankfurt (Germany) and Lagos (Nigeria), January 2020. We have previously written about how Pricepally helps Nigerians to mitigate the highly volatile prices of food staples and produce. Here we present a case study on how Pricepally’s features are designed to fullfil B2B as well as B2C roles. This volatility also impacts organizations and businesses operating…

read more