Anda, an Angolan mobility startup, closed a €3 million seed round, roughly $3.4 million, to expand its technology and asset-financing platform for two-wheel transport. The round was led by a global investor group that includes Breega, Speedinvest, Double Feather Partners, and 4DX Ventures. The company says the raise marks one of the first times an operating Angolan startup from Lusophone Africa has attracted a diversified international venture syndicate.
Market Context
Motorcycle taxis are a backbone of urban transport in Angola, moving people and goods where formal transit falls short. Anda estimates there are about 1.2 million motorcycle taxi drivers in the country, including nearly 600,000 in Luanda, and values the two-wheeler segment at about $5 billion. A 2019 external report cited by industry watchers suggests the broader sub-Saharan motorcycle taxi market could be worth as much as $80 billion, underscoring the scale at stake.
The Problem
Despite their central role, most riders operate informally, typically without licenses, insurance, or standardized training. Many do not own their motorcycles and instead pay daily rental fees to fleet owners, which suppresses take-home income and blocks access to credit. The absence of ownership and formal records also limits pathways to professionalization, safety improvements, and participation in digital financial services.
Business Model and Technology
Founded in 2022 by Sergio Tati and Joerg Nuehrmann, Anda combines a “drive-to-own” asset-financing program with a ride-hailing and delivery marketplace. Drivers receive revenue-generating motorcycles, insurance coverage and safety kits, professional training and certification, and add-ons like GPS tracking and rapid response services. The company’s backend and customer app handle bookings and digital payments while enabling loan management and performance monitoring for drivers.
Strategic Emphasis on Electrification
Alongside asset finance, Anda is piloting the introduction of electric motorbikes and supporting charging infrastructure as part of its push for greener mobility. The company frames electrification as a lever to reduce operating costs for riders, improve urban air quality, and align with broader sustainability goals. By pairing financing with EV options, the startup aims to speed adoption in segments where upfront capital has historically been the main barrier.
Investor Perspective
For the lead investors, the thesis blends financial inclusion with a large, underpenetrated market that is ripe for formalization. Breega and Speedinvest, both active in early-stage ventures across emerging regions, highlighted the focus on driver empowerment and building the rails of a modern mobility economy. The presence of Double Feather Partners and 4DX Ventures rounds out a syndicate spanning Europe, Asia, and the United States, signaling broader global interest in Angola’s nascent tech scene.
Angola’s Ecosystem Signal
Anda positions this round as validation that high-growth technology companies can be built and financed from Luanda. The company argues that international capital, local operating insight, and a structured approach to informality can unlock new jobs and safer transport. It also contends that formalization strengthens tax bases and consumer protection, ultimately benefiting cities as much as riders and passengers.
Use of Proceeds
Proceeds will be used to scale the motorcycle fleet, expand driver onboarding and training, and upgrade the company’s software stack. Anda plans to deepen credit assessment and repayment tools, bolster safety protocols, and grow its payments capabilities to support more cashless transactions. The company will also invest in EV pilots and charging networks to test unit economics and readiness for wider rollout.
Execution Risks
Formalizing an informal market at scale requires coordination with regulators, insurers, and municipal authorities, which can slow deployments. Rider affordability, spare-parts availability, and service networks are crucial to asset uptime, particularly for EVs. Competition from traditional operators and regional platforms may intensify as economics and compliance standards become more transparent.
Anda’s seed financing gives the company capital to pursue a structured, technology-led approach to one of Angola’s most visible informal sectors. If it executes on ownership, safety, and electrification, the model could lift incomes while improving reliability for urban mobility users. The funding also places a spotlight on Angola’s emerging startup ecosystem, suggesting international investors are beginning to look beyond the continent’s usual tech hubs.