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Angolan mobility startup Anda has successfully secured US$3.4 million (€3 million) in seed funding, co-led by European venture capital firms Breega and Speedinvest.
Founded in 2022 by Sergio Tati and Joerg Nuehrmann, Anda is developing a cutting-edge technology platform aimed at formalizing Angola’s expansive and fragmented motorcycle taxi industry, according to Tech Africa
The company’s innovative approach combines a “drive-to-own” asset financing model for drivers with a ride-hailing and delivery service for customers, offering a holistic solution to the challenges facing this vital sector.
This investment marks a major milestone for the Luanda-based startup, which is working to address key issues in the local mobility market, including the lack of regulation and the credit gap that hinder many motorcycle taxi drivers.
Angola’s mobility sector is heavily reliant on an estimated 1.2 million motorcycle taxi drivers, with around 600,000 of them operating in the capital city, Luanda.
Despite the sheer size of the market, it remains almost entirely informal, with most drivers operating without licenses, proper training, insurance, or safety equipment.
A major barrier is that the majority of these drivers do not own their motorcycles, which severely limits their earning potential.
Without ownership, they are excluded from accessing formal financial services and are unable to scale their operations as micro-entrepreneurs.
Anda estimates that Angola’s motorcycle taxi market is worth approximately $5 billion, but this opportunity is part of a broader trend across sub-Saharan Africa.
A 2019 BBC report suggested that the entire motorcycle taxi market in the region could be worth up to $80 billion.
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