Angolan mobility startup Anda has raised a $3.4 million (€3 million) seed round co-led by European venture capital firms Breega and Speedinvest.
Founded in 2022 by Sergio Tati and Joerg Nuehrmann, Anda is building a technology platform to formalize Angola’s vast and fragmented motorcycle taxi industry. The company provides a “drive-to-own” asset financing model for drivers, coupled with a ride-hailing and delivery service for customers.
The investment is a significant step for the Luanda-based startup, which aims to tackle the credit gap and lack of regulation that define the local mobility market.
The Problem: A $5bn Informal Market
Angola’s mobility sector relies heavily on an estimated 1.2 million motorcycle taxi drivers, with 600,000 operating in the capital city of Luanda alone.
According to the company, this market is almost entirely informal. The majority of drivers are unlicensed, untrained, and operate without insurance or proper safety equipment.
Crucially, most drivers do not own their motorcycles. This lack of ownership limits their earning potential, restricts access to formal financial services, and prevents them from scaling their operations as micro-entrepreneurs.
While Anda estimates the two-wheeler market in Angola to be worth $5 billion, the opportunity is part of a much larger trend. A 2019 report from the BBC suggested that sub-Saharan Africa’s motorcycle taxi market could be worth as much as $80 billion.
The Solution: Drive-to-Own
Anda’s core product is a “drive-to-own” financing model. The company provides drivers with new, revenue-generating motorcycles and a comprehensive support package.
This package includes:
- Formal training and professional driver certifications.
- Insurance coverage and safety equipment.
- Add-ons such as GPS tracking and rapid response services.
Drivers repay the cost of the asset through their earnings on the platform, eventually taking full ownership of the motorcycle. The company reports that this model helps increase drivers’ overall take-home revenue and provides a path to financial inclusion for a previously unbanked population.
The system is managed through Anda’s proprietary technology. The company has developed its own backend and a ride-hailing app that allows customers to book services. This digital infrastructure also allows Anda to process digital payments and enables drivers to manage their loans.
The Investor View
For its investors, Anda represents an opportunity to back a solution that combines financial inclusion with a large, untapped market.
In a statement, Breega, which co-led the round, highlighted the startup’s mission to “rewrite the mobility story across Africa” by focusing on driver empowerment and “building the foundations of a modern African economy.”
The investment is also a notable signal for Angola’s technology ecosystem. Anda’s founders framed the fundraise as a significant milestone, stating it helps to “put Angola on the venture map” and demonstrates that high-growth startups can be built in the country.
The company plans to use the new capital to scale its fleet of motorcycles, further develop its technology platform, and formalize the mobility ecosystem in Angola before exploring further expansion.