GoMetro, a South African logistics startup, has received a US$1 million seed extension to help it grow, strengthen its commercial team, and quickly expand into the South African, UK, and US markets.
The funding came from Kalon Venture Partners, Hlayisani Capital, Tritech Global, 4Decades Capital, and E Squared Investments, and would be used to make important hiring as well as invest in the company’s revolutionary tech platform, product engineering, and development.
GoMetro is a mobility management platform that helps public transportation and logistics companies improve operational efficiency, future-proof their services, and stay competitive.
Hundreds of fleets throughout the world benefit from the solution, which provides the building blocks for the rapid creation of mobility applications.
“By using our mobility management platform and digitising their entire fleet, operators can save up to 30 per cent in operating costs by increasing overall vehicle utilisation, controlling excess mileage and managing back-office costs.
“We have also seen our customers increase the certainty and accuracy of their delivery windows by 50 per cent,” CEO of GoMetro, Justin Coetzee, said.
Clive Butkow, CEO of Kalon Venture Partners, said he was excited to be an investor in a company that was continuing to grow both locally and globally.
“Kalon’s investment was motivated by the exceptional GoMetro team, as well as the innovative digitization of transport operations to better manage mobility.
“The GoMetro fleet works with logistics providers’ existing investment in telematics, provides accurate route planning and on-time alerts, and saves them money in back-office costs and contract performance,” he said.
GoMetro Fleet can help mobility companies make the switch to electric transportation. Their proprietary Mobility Management approach helps bus and truck fleets measure, model, manage, and migrate to zero-emission mobility, which will be aided even more by this new financing.