Nigeria’s Tech Transport Giant Partners with Nigeria’s First Indigenous Vehicle Manufacturer
Two disruptors in Nigeria’s transport market, Plentywaka and Innoson Vehicle Manufacturing (IVM) have entered into a partnership to upgrade the state of travel in Nigeria.
As part of a first-of-its-kind collaboration for both companies, IVM, Nigeria's first indigenous automotive manufacturer, is set to bolster Plentywaka's fleet with a host of new vehicles as the leading bus-hailing startup prepares to break into South-eastern Nigeria starting with Delta state in Q4 2020.
“This is a major step towards developing a robust and reliable transport system built by Nigerians for Nigerians. We are two brands that have lived through an outdated transport system in Nigeria and we're joining forces to bring our country into an era that is long overdue and driven by technology. ”
The Plentywaka success trail
After celebrating its first year in operation with +200,000 completed trips and 40,000+ app downloads, Plentywaka's rapid progress is showing no signs of slowing down.
The startup announced its expansion to Abuja in August 2020 after raising $ 300,000 in pre-seed funding. With IVM, Plentywaka is now teaming up alongside a well-recognized and established brand to transform bus travel across Nigeria through technology.
Currently, commuters in the region still face the age-old problems of a lack of safety, comfort, and convenience which has plagued Nigeria's bus network for decades. However, Plentywaka is set to make a major bid to replicate the success of its tech-driven service in Lagos and Abuja to upgrade the state of bus travel in both states.
Through the Plentywaka app, the company has simplified movement for commuters from point A to B with a two-step process to schedule a journey and book a seat as well as the option to pay for rides using the wakapurse e-wallet. With the new partnership in effect, Plentywaka is set to expand its range of options for riders as it pushes to capitalize on the surging demand for its service.
Dr. Innocent Chukwuma, CEO and Founder at IVM added:
“We've been closely monitoring Plentywaka's progress since its launch in September 2019 and their growth has been very impressive in such a short space of time. From our conversations with their founding team, we saw a company that was hungry and unprepared to rest on their laurels, which is why we were keen to support them in the next phase of their expansion. ”
Today marks a partnership between two industry leaders and IVM's ambition is for this to build a firm foundation for Nigeria to become a leader in bus travel across Africa.
Founded in 2007 by Innocent Chukwuma, Innoson Vehicle Manufacturing (IVM) is part of the Innoson Group and is the first “Made In Africa” automobile brand. With IVM's manufacturing plant based in Anambra State, Nigeria, the partnership with Plentywaka is the first of its kind for the company as it makes its first entry into the e-hailing space.