Nigerian shared mobility startup Treepz has closed out its seed round at US$2.8 million and expanded to Uganda with the acquisition of bus company Ugabus. This is a process that is already taking place, with Uganda’s Ugabus becoming its second acquisition of the year. The exact terms of the deal were not disclosed, but Ugabus will now be renamed as Treepz Uganda and the startup’s CEO Ronald Hakiza will become Uganda country manager for Treepz. “Everyone at Treepz is excited to welcome the team at Ugabus to the Treepz family. “Treepz is building the most important mobility infrastructure in Africa’s megacities.

Source: The North Africa Journal November 22, 2021 18:08 UTC