GreenTec Capital Partners invests in Kenyan logistics company
GreenTec Capital Partners has announced an investment in Kenya’s Amitruck. The company is a mobile and web-based trucking logistics platform that brings together cargo owners and transporters.
By matching cargo owners with trucking logistics professionals through a digital competitive bidding process, Amitruck brings trust and transparency into the African logistics sector. Amitruck’s solution cuts out expensive middlemen whilst increasing security as all drivers and vehicles are vetted and goods in transit insured.
“Logistics is a significant challenge in Africa and the current crisis is only making this more obvious. Amitruck’s solution has the potential to tackle the fragmentation and lack of trust in the sector while enabling capacity growth by increasing driver and truck owner accessibility to the broader market. We are extremely proud to be kicking off this long-term collaboration with Amitruck’s team,” said Maxime Bayen, senior company builder at GreenTec.
“With a presence in Germany and in Africa, Greentec is an ideal partner as we continue to scale our business,” said Mark Mwangi, CEO of Amitruck. “We’re excited to have a partner on board that provides vast strategic experience in our market.”
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