Anda, an Angolan mobility and financial technology startup focused on bringing informal transport workers into the formal economy, has secured investment from French development finance institution Proparco to expand affordable transport access and accelerate the rollout of electric vehicles in the country.
The financing will support Luanda-based Anda’s drive-to-own vehicle program for transport operators while funding expansion of its electric fleet and battery-swapping infrastructure. Financial terms of the transaction were not disclosed.
The deal highlights growing investor interest in African technology companies building solutions around mobility and financial inclusion, particularly in markets where large segments of the workforce remain outside formal banking systems.
Angola’s moto-taxi sector employs an estimated 1.2 million drivers, with approximately 600,000 operating in Luanda. Despite playing a critical role in keeping the capital moving, many drivers remain excluded from traditional financial services, lacking bank accounts, insurance and formal credit histories that would enable access to vehicle financing.
Founded in 2022 by Sérgio Tati and Joerg Nuehrmann, Anda has developed a platform designed to formalize urban mobility in one of Africa’s most underserved transport markets. The company provides motorcycles, tuktuks and cars to drivers primarily through drive-to-own and subscription arrangements.
Before joining the platform, drivers undergo certified training through Anda Academy, delivered in partnership with Angola’s national vocational training institute, INEFOP, and receive insurance through licensed partners. Drivers then generate income through street-hailing services, digital ride-hailing platforms and Anda Express, the company’s business-to-business delivery operation.
Anda currently operates about 2,000 vehicles in Luanda and says drivers using its platform earn on average around three times more than they did in the informal sector.
The company also connects passengers with vetted driver-partners through a mobile application that offers transparent pricing and real-time tracking, with a particular focus on middle-income and underserved communities across Luanda. Anda has also emerged as a leading operator in Angola’s collective mobility market through its growing electric two- and three-wheeler fleet.
By offering a safer and more affordable alternative to informal transportation, the company aims to reduce mobility costs for lower-income workers and improve access to employment, education and essential services.
Proparco’s investment will help finance technology upgrades, expand Anda’s network of driver-partners and broaden coverage across the Luanda metropolitan area, while supporting the company’s plans to expand into other Angolan cities.
Part of the financing will also be directed toward electrification efforts, including battery-swapping and charging infrastructure. Anda plans to open its first Energy Hub in partnership with Sonangol, Angola’s state-owned energy company, in June 2026 at a service station in central Luanda.
Johann Choux, Proparco’s Regional Director for Southern Africa and the Indian Ocean, said the investment reflects the institution’s strategy of supporting African companies that combine economic inclusion with sustainable development objectives.
Tati said Anda is addressing two structural challenges simultaneously: limited access to affordable asset financing and the lack of formal digital systems for urban mobility. He said greater vehicle ownership among drivers can create more sustainable livelihoods while raising standards across the transport sector.