Top 7 Autotech Startups in Nigeria

Automotive Startups in Nigeria

Transportation has continued to be one of the many challenges facing Nigeria the most populous country in Africa. A country, home 220 million people with over 12 million registered vehicles, is undoubtedly a viable and large market  for consistent demand for efficient automobile supply, maintenance and repair and transport services. There are some startups introducing innovative and groundbreaking ideas that are redefining the automotive industry landscape in the country. The industry is attracting huge investors due to prospects it presents.

Currently, the autotech industry has received a cumulative funding of about $33.6 million.

Here we have compiled the list of top  7 pioneers propelling the industry:

  • Autochek
  • Nord Automobiles
  • Jet Motor Company
  • Car45
  • Mecho Autotech
  • Fixit45
  • Parkit

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Autochek Africa

Alt = "a man and a woman standing"

Autochek Africa is a leading Automotive Technology startup that provides solutions targeted at enabling and enhancing automotive industry. Some the solutions the company provides includes those that improve access to auto loans, warranty solutions, quality maintenance and after sales services, and transactional marketplaces.

Apart from Nigeria, Autochek Africa has presence many other African countries, with over 500 service centers. Some the African countries include Ghana, Kenya, Egypt, Uganda, Ivory Coast, Senegal, Morocco, etc

Nord Automobiles

Nord Automobiles is a Nigerian automotive manufacturer.

The company is determined to flood the Nigerian market with made-in-Nigeria automobile brand.

Headquartered in Lekki, Lagos State, Nord Motors is focused on delivering quality expertise in the value chain – which includes the design, sourcing, development, assembling, distribution, marketing, provision of sales and after-sales service of our unique Nigerian branded automobiles.

It fleet of vehicles include the Nord Tank, Nord Tusk, Nord A3 Sedan,  Nord Max, Nord Flit, Nord A5 SUV, Nord A7 SUV, Nord Lasgi, Nord Yarn, Nord Tripper.

Jet Motor Company

The Jet Motor Company is a Nigerian automotive manufacturer that provide affordable and eco-friendly transportation options for Nigerian and African markets.
We understand the unique challenges and possibilities that Africa presents, and we are ensuring the use of cutting-edge technology and sustainable practices to create vehicles that suit the needs of the African market.
Established in 2017, fleet of electric vehicles range from passenger to utilitarian vehicles - ambulances, military vehicles, or delivery vans. The company says it vehicles are designed with the latest technology and materials to be efficient, reliable, and affordable. 
As of the last round, Jet Motor Company has raised $9 million venture capital

Cars45

Car45 is an automotive startup that provides solutions easy buy, sell, price swap of pre-owned autos in Nigeria.
Founded in 2016, Car45 has received about $5 million capital in Series A

Mecho Autotech

Mecho Autotech is a Nigerian autotech startup that provides On-demand auto repair and maintenance digital platform for individuals and businesses in Africa.
The company which was incorporated in 2021 raised seed capital of $2.4 million.

Fixit45

Fixit45 is an auto-tech company enabling efficient interactions across multiple spare parts supply chain, auto repairs and maintenance services.
Established in 2021, Fixit45 has established a robust network of over 300 operational workshops spread across nine  cities in  Nigerian cities; and through innovative online-to-offline platform and strategic partnerships with over 1,200 spare parts manufacturers, distributors, dealers, provides services to more than 40,000 clients cross Nigeria. and retailers,
Some of its partners in the industry include Toyota, Mitsubishi, Honda, Nissan, Hyundai, Ford, Jeep, GAC Motors, Mikano.
Fixit45 has secured $1.9 million in Pre-seed funding

Parkit

Parkit is a technology company that provides technological solutions to simplify vehicle wash and repairs services in Africa.

Ikechukwu Evegbu

Ikechukwu Evegbu is a graduate of Statistics with over 10 years experience as Data Analyst. Worked with Nigeria's Federal Ministry of Agriculture and Rural Development. A prolific business development content writer. He's the Editor, Business Compiler

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