Avery Law advises GoCab on its $15 million equity round led by E3 Capital, Janngo Capital and Kawisafi Ventures
Avery Law supported GoCab on its landmark equity raise forming part of its $45 million funding round, led by E3 Capital, Janngo Capital and Kawisafi Ventures.
Avery Law is pleased to have advised GoCab, the London-based mobility and vehicle-financing platform operating across Africa, the Middle East and Latin America, on its $15 million equity raise as part of its $45 million funding round led by E3 Capital, Janngo Capital and Kawisafi Ventures.
Founded in 2024 by Azamat Sultan and Hendrick Ketchemen, GoCab is transforming access to vehicle ownership for taxi drivers and couriers across Cote d'Ivoire, Senegal, Morocco, and other emerging markets. By leveraging its purchasing power to acquire vehicles at low cost and offering an accessible three-year financing model that includes insurance and maintenance, GoCab enables drivers to become asset owners and significantly improve their income potential.
The company has experienced rapid growth, now generating more than $17 million in annual recurring revenue and employing over 120 people across five countries. The latest funding round, comprising $15 million in equity and $30 million in debt, will support GoCab's expansion to 10,000 vehicles over the next 24 months.
E3 Capital, Janngo Capital and Kawisafi Ventures' investment highlights GoCab's strong positioning in a market where vehicle shortages and transport costs remain pressing challenges. Investors praised the company's data-driven platform, its clear operational roadmap, and its potential to drive meaningful socioeconomic impact through job creation, income uplift and ethical financing.
Avery Law advised GoCab on all legal aspects of the equity investment, supporting the founders throughout negotiation and completion. This transaction reflects Avery Law's ongoing commitment to partnering with high-growth, purpose-driven businesses scaling across emerging markets.
Deal team
