AfriCar Group

AfriCar Group is a leading online automotive marketplace in Sub Saharan Africa. Founded in 2016, the company operates in 12 countries including Mali, Burkina Faso, Benin, Chad, Ethiopia, Uganda, Zambia, Malawi, Swaziland, Rwanda, Namibia, and Somalia. AfriCarGroup owns and operates a range of classifieds websites, such as Mobili.ml, Carsugu.com, Carisowo.com, Carsuq.com, Cargebeya.com, Carkibanda.com, Caryandi.com, Cartsenga.com, Caryanga.com, Carisoko.com, Caryange.com, and Gaadhi.com.

The company has attracted Corporate Round investment from Stellantis, a noteworthy investment recorded on 12 September 2022. AfriCar Group's focus on e-commerce, internet, marketplaces, and automotive industries positions them as a key player in the African automotive market. With their slogan "#1 Online Automotive Marketplaces in Sub Saharan Africa," AfriCar Group is pioneering the online vehicle marketplace in the region and providing a platform for millions of users to buy and sell cars, trucks, and motorbikes.

Headquartered in Australia, AfriCar Group's strategic expansion and dominance in the African automotive e-commerce sector present promising investment opportunities for venture capitalists looking to tap into the rapidly growing African market.