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Home » TransXcel Seeks £55 Million Funding To Transform Nigeria’s Transportation Sector
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TransXcel Seeks £55 Million Funding To Transform Nigeria’s Transportation Sector

TransXcel is inviting investors to join its mission to reshape the transportation landscape in Nigeria, presenting a significant opportunity for substantial impact.
mmBy Rommy Imah1 September 2024No Comments2 Mins Read132 Views
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News Highlights:

  • TransXcel is seeking a £55 million investment to disrupt Nigeria’s traditional transportation sector by expanding its fleet.
  • TransXcel is inviting investors to join its mission to reshape the transportation landscape in Nigeria.

TransXcel, an innovative transportation startup, has announced its pursuit of a £55 million investment to revolutionize the commuting experience in Nigeria.

TransXcel is a transportation startup dedicated to providing innovative and reliable commuting solutions in Nigeria.

By leveraging cutting-edge technology and a customer-centric approach, TransXcel aims to deliver an unparalleled travel experience that meets the evolving needs of commuters.

Digital TimesNG reports that the company expects that the funding will be used to expand its fleet, enhance technology, and scale operations, aiming to provide a more efficient, affordable, and reliable transportation solution for urban and regional travellers.

A New Era of Transportation

TransXcel is poised to disrupt the traditional transportation sector by offering a tech-driven approach that prioritizes customer convenience and operational efficiency.

The company’s unique model combines state-of-the-art fleet management, advanced booking systems, and data-driven route optimization to reduce travel costs and improve service reliability.

“We are on a mission to transform the way people commute in Nigeria,” said Uche Ubani, Founder and CEO of TransXcel.

“With this investment, we aim to scale our operations rapidly and bring a level of service that exceeds current market standards, offering commuters a reliable, cost-effective, and seamless travel experience.”

Investment to Drive Growth

TransXcel said the £55 million funding will be used in several key areas, including fleet expansion, technology development, marketing efforts, operational costs, and physical infrastructure.

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This strategic allocation will enable TransXcel to enhance its service offerings and meet the growing demand for efficient, tech-driven transportation solutions in Nigeria.

A Call to Investors

TransXcel is inviting investors who share its vision of reshaping the transportation landscape in Nigeria, noting that with a scalable business model, experienced leadership, and strong market demand, TransXcel presents a compelling investment opportunity poised for substantial impact.

“We are confident that with the right investment partners, we can achieve our goals and set a new benchmark in the transportation industry,” added Ubani.

“We look forward to connecting with investors who are eager to be part of this transformative journey.”

#Funding #Transportation Sector #TransXcel
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Rommy Imah
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Rommy Imah is Founder/Editor of Digital Times Nigeria (www.digitaltimesng.com). He has been in active journalism in over two decades with a bias for technology and business reporting. He is particularly passionate about technology and how it can be used to transform human life, businesses and services.

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