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Fixit45 Secures $1.9 Million for East Africa Expansion

Fixit45 Secures $1.9 Million for East Africa Expansion

#startup
#automotive
#investments
#funding
Fixit45 expansion drive into East Africa has caused the startup to raise $1.9 million to provide quality automotive spare parts, vehicle repairs and maintenance services across the continent

Nigerian startup Fixit45, specializing in automotive spare parts and vehicle maintenance, secures $1.9 million in pre-seed funding to expand its services into East Africa, specifically Kenya and Uganda. Launch Africa Ventures and prominent investors lead the funding round. With a strong presence in Nigeria, Fixit45 boasts 300+ operational workshops across nine cities and collaborates with 1,200 spare part dealers. The startup aims to tap into Africa's growing automotive industry, set to reach $42.06 billion by 2027, by providing quality repair and maintenance services and enhancing the mobility of vehicle owners.


Key Points:

- Nigerian startup Fixit45 raises $1.9 million in pre-seed funding.

- The funding will fuel expansion into East Africa, targeting Kenya and Uganda.

- Launch Africa Ventures and notable investors participate in the funding round.

- Fixit45 operates 300+ workshops across nine Nigerian cities, serving nearly 4,000 clients.

- The startup collaborates with 1,200 spare part dealers.

- Fixit45 aims to tap into the growing African automotive industry, predicted to reach $42.06 billion in 2027.

- The company focuses on providing high-quality repair and maintenance services.

- Online-to-offline platform xparts.africa supports spare parts distribution.

- Co-Managing Partners at Launch Africa Ventures express confidence in Fixit45's commitment to excellence and accountability.


#Fixit45 #Automotive #StartupExpansion #EastAfrica


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