Chargel, a Senegalese logistics startup, has expanded into Cote d'Ivoire following a $2.5 million seed raise. Founded by Moustapha and Alioune Ndoye, Chargel connects truck drivers with shippers, aiming to address inefficiencies in road freight transport in Francophone Africa. The platform digitizes the transport network, allowing shippers to track their goods with GPS and receive delivery notifications. The startup's expansion into Cote d'Ivoire was driven by the presence of Senegalese customers there and the significance of the port of Abidjan in Francophone Africa. Chargel's $2.5 million seed funding was secured with support from investors like Logos Ventures, Ventures Platform, and Seedstars. The company generates revenue by negotiating prices with transporters and selling transportation to them. Chargel also insures goods passing through its platform and is working on a deal to provide accidental and life insurance for its drivers.
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