Mobility 54 makes two additional investments

Mobility 54 – the corporate venture capital subsidiary of Toyota Tsusho and CFAO – has invested in Fleetsimplify and Drive to Own. The investment amount is $50,000 for Fleetsimplify and $100,000 for Drive to Own.

Fleetsimplify operates a management platform for the owners of ride-hailing business vehicles in Kenya, while Drive to Own engages in the vehicle finance business in South Africa. The two companies were selected in the 2022 Digital Transformation Challenge for Africa, a pitch event for start-ups in Africa held on August 29 and 30, and the investment is to be made as an award to them.