Enakl Secures $1.4M to Scale Bus-Sharing Services Across Africa

STARTUP VENTURE CAPITALDecember 4, 2024 at 10:23 AM UTC

TLDR

Moroccan-French mobility startup Enakl has raised $1.4 million in pre-seed funding
The round was led by Catalyst Fund, with participation from Renew Capital, Digital Africa, Station F, and angel investors
The funds will support the expansion of its tech-driven bus-sharing services in Morocco and other African cities.

Moroccan-French mobility startup Enakl has raised $1.4 million in a pre-seed funding round led by Catalyst Fund, with participation from Renew Capital, Digital Africa, Station F, and angel investors.

Founded in 2023, Enakl provides pre-planned commuting services via mini-buses on fixed routes, addressing urban challenges like overcrowded buses and inconsistent schedules.

Operating primarily in Casablanca, the startup manages over 15,000 monthly ride bookings, growing by 20% monthly. The funds will support the expansion of its tech-driven bus-sharing services in Morocco and other African cities.

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Key Takeaways

Enakl offers an affordable, scalable, and eco-friendly alternative to Morocco’s public and private transport systems. By reducing congestion and emissions, it aligns with sustainable urban transit goals. Competing with ride-hailing services like Careem and Heetch, Enakl differentiates by cutting costs for users while maintaining the convenience of private rides. With Morocco's ride-sharing market still nascent, the startup is positioned to capture significant market share as it expands.

Venture Capital

Startups

Enakl

Mobility

Morocco

France

Renew Capital

Digital Africa

Station F