Plentywaka, a Toronto-based shared mobility startup that offers hassle-free on-demand shared rides, has announced the full acquisition of Stabus, one of Ghana’s leading mobility startups.
Stabus was founded in 2019 by Isidore Kpotufe, who stated that the startup has moved over 100,000 people within Accra, Ghana’s capital city.
Following the announcement of the acquisition, Stabus will now be known as Plentywaka Ghana, with the mobility platform offering a range of low-cost and premium vehicles for public transportation, including cars, minivans, and buses.
Plentywaka Ghana’s Country Manager will be Isidore Kpotufe, who will be joined by the current Stabus team.
Onyeka Akumah, Co-Founder and CEO of Plentywaka, stated, “Plentywaka’s acquisition of Stabus is a firm statement about our commitment to grow and build Africa’s largest shared mobility startup, one country at a time.” Isidore is a brilliant entrepreneur, and we are thrilled to have him and his team carry out our plans for the Ghanaian market as Plentywaka Ghana begins operations on September 16th in Accra. In addition to our work in Ghana, we are very pleased with the progress we have made in Nigeria to scale our Dailywaka service, which provides bus-stop-to-bus-stop transportation for thousands of commuters. Today, we have moved nearly 500,000 people, thanks to the efforts of my team, our heroes (a term used to describe Plentywaka drivers), and our investors, who continue to believe in and support our growth through their investments. We have been able to cater for interstate travelers across 21 cities in Nigeria with our Travelwaka service, and we are looking to expand to more cities as new bus partners sign up with us.”
Despite suspending operations for 5 months in 2020 due to a global pandemic, Plentywaka was able to register 960 vehicles on its platform and assist its riders in commuting more than 480,000 times in less than 2 years. According to Onyeka Akumah, the team’s expansion into Ghana is just the beginning of its Pan-African expansion plan. He stated that Plentywaka plans to replicate its model in six other African countries over the next two years and that the company is looking for the right kind of investors and partners to join the ‘black and yellow’ movement in order to provide the best-in-class transportation service connecting cities and communities with technology across Africa.
Read more on Tech Gist Africa:
Moove, a Nigeria-based mobility fintech company, has raised $23 million in Series A funding
