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GoCab raised $45 million, including $30 million in debt, to fund drive-to-own vehicles for gig workers.
PRIVATEOct 07, 2026
Amount Raised
$45 Million
Round Type
Venture
AbidjanTransportationFinanceAutomotive
Description
GoCab, a London-founded startup, has successfully raised $45 million in a financing round. The round consists of $15 million in equity and $30 million in debt. This funding will be utilized to support drive-to-own vehicles for gig workers. The increasing trend of startups opting for debt financing is notable in the African market.
Company Information
Company
GoCab
Location
Abidjan, Abidjan, Côte D'ivoire
About
GoCab is a startup that enables ride-hailing and delivery drivers to acquire brand-new vehicles through a drive-to-own model. Drivers make daily payments and can fully own their vehicles within three years, while also accessing various financial and maintenance services. The company aims to expand its services beyond vehicle leasing to include buy now, pay later options and health insurance. Operating in multiple countries, GoCab is committed to maintaining profitability and control over its value chain.
Fundz sees it the moment GoCab raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
