# Shuttlers Metropolitan Mobility Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shuttlers-metropolitan-mobility-company

- Industry: Transportation Services
- Headquarters: Lagos, Nigeria
- Website: www.shuttlers.ng
- Total disclosed funding: $1.6M
- Latest round: Seed (Nov 16, 2021)
- Investors on record: 12

## About

Shuttlers Metropolitan Mobility Company Limited, based in Nigeria, specializes in innovative transportation solutions designed to streamline daily commutes for professionals across urban areas, enhancing convenience and efficiency.Founded in 2015, Shuttlers Metropolitan Mobility Company Limited operates in Lagos, Nigeria, offering transportation solutions for professionals. The founders, Vaibhav Upadhyay and Vinamra Chauhan, have a history in entrepreneurship. In April 2023, the company raised USD 4 million in a funding round led by Verod-Kepple Africa Ventures, with support from returning investors, bringing the total amount raised to USD 4 million across two deals.Shuttlers provides various transportation solutions aimed at enhancing daily commuting experiences for professionals. Their core services include Scheduled Mass-Transit, Vehicle Rental, and EventGo vehicle booking. The Scheduled Mass-Transit service allows users to book rides along established routes for over 100,000 professionals. The Vehicle Rental service offers flexibility for on-demand transportation, while EventGo is tailored for groups requiring vehicle arrangements. Shuttlers primarily serves urban markets, particularly in Lagos and other metropolitan areas in Nigeria, focusing on reliable and efficient commuting options for various sectors.Shuttlers generates revenue through a structured model that includes B2B and direct-to-consumer interactions. The Scheduled Mass-Transit service operates on a subscription basis for businesses, while individual users pay per ride or may choose package options. The Vehicle Rental service functions on a pay-as-you-go basis, and the EventGo service pricing varies based on event-specific requirements, catering to both corporate and individual clients.In April 2023, Shuttlers Metropolitan Mobility Company Limited secured USD 4 million in venture funding, which will be allocated towards international business expansion and enhancing their service offerings. The company plans to introduce new products and expand into additional markets, although specific new product details and target regions have not been disclosed.

## Funding rounds

- Seed, Nov 16, 2021, $1.6M — InterSwitch Limited, EchoVC Partners, VestedWorld, Co-Creation Hub, Consonance Investment Managers, ShEquity, Rising Tide Africa, Launch Africa Ventures, CMC 21 & Alsa, Five35 Ventures, Sakore, Nikky Taurus Nigeria Limited

## Investors

- InterSwitch Limited — Seed
- EchoVC Partners (https://capitalatlas.ai/funds/echovc-partners) — Seed
- VestedWorld (https://capitalatlas.ai/funds/vestedworld) — Seed
- Co-Creation Hub (https://capitalatlas.ai/funds/co-creation-hub) — Seed
- Consonance Investment Managers (https://capitalatlas.ai/funds/consonance-investment-managers) — Seed
- ShEquity (https://capitalatlas.ai/funds/shequity) — Seed
- Rising Tide Africa (https://capitalatlas.ai/funds/rising-tide-africa) — Seed
- Launch Africa Ventures (https://capitalatlas.ai/funds/launch-africa-ventures) — Seed
- CMC 21 & Alsa — Seed
- Five35 Ventures (https://capitalatlas.ai/funds/five35-ventures) — Seed
- Sakore — Seed
- Nikky Taurus Nigeria Limited — Seed