Mobility 54 invests in automotive startup Autochek

Toyota Tsusho Group subsidiary Mobility 54 has invested in Autocheck – a Nigeria-based automotive startup. The undisclosed seed spherical was directed to Autocheck’s holding firm, Vee8 Worldwide Holdings, Inc. Different buyers within the spherical had been 4DX Ventures and TLCom Capital. The funding will go in direction of boosting the startups’ on-line presence and reinforce its service providing because it expands throughout Africa.

Autocheck is a web based market for used/new automobiles. The corporate was based in July 2020 by Etop Ikpe. Autochek is working to construct digital infrastructure for promoting each new and used automobiles in a 3-pillar enterprise format. First, enable particular person clients and sellers to purchase and promote automobiles on-line. Secondly, get hold of auto-loans from a community of over 70 monetary establishments. Lastly, to service and preserve automobiles throughout Autocheck’s life-style by means of its reserving appointment system throughout a community of 70 workshops.

In July 2020, Autocheck acquired Cheki Ghana and Nigeria and now operates in Nigeria and Ghana and is increasing to Kenya and afterward to the remainder of the continent.

The funding into Autocheck is seems to digitize its presence within the casual used automobile market and endear it additional to new B2C clients in Africa. As well as, Autochek will obtain floor technical assist to achieve the standard requirements in customer support. The group additionally leverages CFAO’s presence throughout French-speaking Sub-saharan Africa.


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