Apexloads, a Kenyan-based mobility firm specializing in freight-logistics, has been selected to participate in the prestigious 2024 Capital One Accelerator Program, based in Plano, Texas.
This program, uniquely focused on the mobility and automotive industries, provides critical support to startups aiming to become capital-ready and scale their operations.
The Accelerator Program is developed and facilitated by Capital One and the Dallas Entrepreneurship Center (DEC Network).
Founded by Charles Thuo, Apexloads connects cargo owners with transporters to enhance efficiency in freight-truck matching and payments.
Mr Thuo’s vision aligns seamlessly with the objectives of the Accelerator Program, which seeks to empower innovative startups and propel their growth through training, mentoring, and networking with industry leaders.
The 12-session program is designed to address real-time challenges faced by mobility startups, offering a platform for founders to refine their business strategies with guidance from Capital One leaders through the pro bono Growth Consulting Program.
Participants also have the opportunity to pitch their business plans at Dallas Startup Week, vying for substantial prize money and recognition.
“Getting into the program is a validation in itself. We are very grateful to be part of initiative,” said Mr Thuo. “The guidance and insights from sector mentors are vital for bolstering our growth and vision.”
The Capital One Accelerator Program, now in its third year, is part of the broader Capital One Impact Initiative. It aims to foster innovation and support the next generation of entrepreneurs in the mobility sector.
Divisional chief technology officer and senior vice president of financial services for Capital One, Kamlesh Talreja emphasized the broader societal benefits of supporting startups like Apexloads.
“When startups flourish, they create jobs, strengthen the economy, and attract talented investors,” Talreja stated. “We’re excited to help turn these entrepreneurs’ ideas into reality.”
Apexloads joins an impressive cohort of startups from various segments of the mobility industry. Notable participants include LIVAQ, an electric off-road vehicle manufacturer, and Treads, an AI-powered car management service all based in the US.
The program will culminate at Dallas Startup Week, scheduled for August 11-15, where participants will present their refined business models to a panel of industry expert judges, competing for more than $50,000 in prizes.
For Apexloads, this opportunity represents a significant milestone in their journey towards transforming freight-logistics in Kenya and beyond.
With the support and resources provided by the Capital One Accelerator Program, Apexloads is poised to make a substantial impact on the mobility industry.
Recently, the firm was feted at the iconic Connected Africa Summit. In the Trade & Logistics category, the firm scooped the top prize, highlighting their contributions to streamlining logistics operations across the East Africa region.
