Autochek acquires majority stake in an Egyptian auto-tech startup

Autochek, a pan-African automotive technology company, has acquired a majority stake in AutoTager, an Egyptian automotive technology start-up that simplifies the car-buying and selling process in Egypt.

The move represents Autochek's entry into the North African country, the second-largest economy and the second-largest automotive market on the continent.

AutoTager, which was founded in 2021, connects consumers with vetted vehicles and financing options and dealers with serious buyers and technology solutions to improve their operations.

Autochek's acquisition marks the company's sixth in under two years and its third in less than a year, consolidating its position as the leading Pan-African automotive technology company.

The acquisition will help Autochek deepen its presence in North Africa and support its ongoing growth, as Egypt's strategic geographical position, skilled workforce, and large domestic market have enabled dynamic growth, making it one of the largest recipients of foreign direct investment in Africa over the past decade.

Autochek now has active operations in nine countries across East, West, and North Africa, with a partner-led footprint of over 2,000 dealers and workshop locations.