Africa Angel Investors NetworkMichanic
Enables customers to seek immediate service and repair quotations via its online platform and save up to 35% in comparison to dealerships and independent garages.
Location: South Africa
Website: https://www.michanic.co.za/
Sector: Logistics & Transport
Funding Stage: Debt, Grant,
Total Funding ($m): 0.505
# of Founders: 1
Founding Year: 2016
Funding Year: 2022
Status: Active
| Year | Amount | Stage | Investors |
|---|---|---|---|
| 2022 | $0.4m | Debt | Multichoice |
| 2024 | $0.105m | Grant | DeveloPPP Ventures (by German Federal Ministry for Economic Cooperation and Development (BMZ)) |