SA’s GoMetro raises $11.4m Series A to scale operations

South African technology firm GoMetro has successfully raised £9 million (~$11.4 million) in a Series A funding round, with leading investment from Zenobē Energy, a notable supporter of electric transportation initiatives. Zenobē, recognized for its involvement in financing and operating electric buses, recently secured a substantial $750 million investment from KKR for fleet electrification financing.

GoMetro's flagship product, Bridge, serves as a platform that consolidates vehicle data, irrespective of the make or model, into a unified system. This technology proves particularly valuable for fleet managers, offering them the ability to access and analyze data seamlessly, overcoming the challenges posed by disparate telematics systems associated with various original equipment manufacturers (OEMs).

The Series A funding will play a pivotal role in strengthening GoMetro's operations in the UK, Europe, and South Africa. The company also has plans for expansion into the US, Latin America, and Australia within the next 12 months, leveraging the markets where Zenobē Energy holds a significant presence. Additionally, GoMetro has an interest in entering the Middle East, specifically Dubai and Saudi Arabia, citing similar challenges and issues in fleet management in those regions.