Mobility 54, the corporate venture capital subsidiary of Toyota Tsusho Corporation and CFAO, has participated in the pre-series A seed round funding of Kai Senegal.

While some ride hailing apps have emerged in the country, it has been difficult for them to overcome the challenges of an informal market and to address the financing issues of the drivers with the classical ride hailing model.

Kai has been created in 2018 to solve these issues by rethinking the ride hailing model. T...