Plentywaka has partnered with Innoson Vehicle Manufacturing (IVM) to provide more vehicles for its operation. The ride-hailing platform, which launched in September of 2019 along CMS-Ajah axis in Lagos, expanded across three routes in Abuja in August.
The partnership with Innoson Vehicles will enable it to expand its services to Delta state during this final quarter of 2020. The company had also secured a pre-seed investment worth $300,000 in August.
After celebrating its first year in operation with 200,000 completed trips and 40,000 app downloads, Plentywaka’s rapid progress is showing no signs of slowing down. The startup announced its expansion to Abuja in August 2020 and in IVM, Plentywaka is teaming up alongside a well-recognised and established brand to transform bus travel across Nigeria through technology.
Currently, commuters in the region still face the age-old problems of a lack of safety, comfort, and convenience which has plagued Nigeria’s bus network for decades. However, Plentywaka is set to make a major bid to replicate the success of its tech-driven service in Lagos and Abuja to upgrade the state of bus travel in both states.
Speaking on the partnership, Onyeka Akumah, co-founder and CEO at Plentywaka, stated,
“This is a major step towards developing a robust and reliable transport system built by Nigerians for Nigerians. We are two brands that have lived through an outdated transport system in Nigeria and we’re joining forces to bring our country into an era that is long overdue and driven by technology.”
“We know what our people want and we know what they deserve – a safer, more comfortable and efficient means of transport and as the traction in our first year shows, we have the technology to make this a reality. With IVM on board, we’re breaking into new territory so riders in the South-eastern states are not left behind.”
Through the Plentywaka app, the company has simplified movement for commuters from point A to B with a two-step process to schedule a journey and book a seat as well as the option to pay for rides using the wakapurse e-wallet. With the new partnership in effect, Plentywaka is set to expand its range of options for riders as it pushes to capitalize on the surging demand for its service.
Innocent Chukwuma, CEO and founder at IVM added:
“We’ve been closely monitoring Plentywaka’s progress since its launch in September 2019 and their growth has been very impressive in such a short space of time. From our conversations with their founding team, we saw a company that was hungry and unprepared to rest on their laurels, which is why we were keen to support them in the next phase of their expansion.”
Founded in 2007 by Chukwuma, IVM is part of the Innoson Group and is the first ‘Made In Africa’ automobile brand. With IVM’s manufacturing plant based in Anambra state, Nigeria, the partnership with Plentywaka is the first-of-its-kind for the company as it makes its first entry into the e-hailing space.