Angolan mobility startup ANDA has raised $1.2 million from BFA Asset Management, adding momentum to its effort to reshape urban transport and logistics in a tough operating market.
Angolan mobility startup ANDA has raised $1.2 million from BFA Asset Management, adding momentum to its effort to reshape urban transport and logistics in a tough operating market.
Founded in 2022 by Sergio Tati and Joerg Nuehrmann, ANDA runs a “drive-to-own” model for drivers of two-, three-, and four-wheeled vehicles. It combines vehicle financing with training and support through its network of safe stops, building a more structured path to income rather than just providing access to vehicles.
The new funding follows a $3.4 million seed round closed late last year with backing from Breega and Speedinvest. With BFAAM investing through its Kimbo Fund, ANDA now has more room to expand and strengthen its position in Angola’s transport sector.
The capital will go toward growing and upgrading its fleet, including early moves into electric vehicles, and expanding its logistics infrastructure to serve more businesses. In a market where operators often have to solve financing, maintenance, and reliability on their own, that level of control matters.
ANDA says the partnership will also support its broader mobility and fintech push. The company plans to build out its technology stack, with AI playing a larger role in how it manages operations and serves customers at scale. BFAAM’s CEO, Rui Oliveira, pointed to ANDA’s discipline and clear growth path as key reasons for the investment.
Zooming out, ANDA operates in a part of the market that receives less attention but underpins daily economic activity. Transport and logistics often determine how fast a market can grow when financing, infrastructure, and execution come together.
The company’s progress suggests investors are paying closer attention to startups tackling physical-world problems with structured models, especially in regions where access to credit is limited and demand for reliable mobility is immediate.
This article was culled from Disrupt-Africa.
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