Treepz pivots to become a car-sharing marketplace for Africa
Treepz, the Pan-African mobility startup, has pivoted to a car-sharing marketplace to provide a more affordable and sustainable mobility option in Africa.
The new marketplace allows car owners to put their vehicles up for rent, providing renters with a flexible solution for their transportation needs. With only 44 cars per 1,000 Africans, there is a significant demand for affordable transportation, and Treepz aims to address this gap in the market.
Treepz has spent the last five months building its marketplace product and is now rolling it out to users in Nigeria, Ghana, Uganda, and Kenya. The marketplace holds a variety of vehicles, including sedans, SUVs, vans, and buses. Renters can choose their desired cars based on location and duration, while the vetted car owners set their preferred prices and availability.
Treepz believes that its solution, coupled with its experience in African markets, can position the startup as a top market leader in Africa's fledgling car-sharing market. While the market is nascent, Treepz sees its pricing model, variety of vehicle options, and wider scope as competitive advantages compared to prevalent ride-sharing models and operators.
Treepz, founded in 2019 by Onyeka Akumah, raised $2.8 million in 2021 and scaled its suite of mobility solutions by acquiring mobility startups in Ghana and Uganda. The startup is now discontinuing its previous models to focus on this new mobility vertical, bolstered by a vision of becoming Africa's premier car-sharing marketplace.
