GoMetro’s going great guns

Published: 2023-12-01 08:26 +02:00 by Staff Reporter tag: Motoring and transport

South Africa’s GoMetro, a tech company in the fleet management space, this week concluded a £9-million series-A funding round.

Image: GoMetro GoMetro, a South African tech company that operates in the fleet management space, this week concluded a £9-million (R211-million) series-A funding round. The round was led by new investor Zenobē, with significant participation by Futuregrowth Asset Management. Existing investors 4 Decades Capital, Hlayisani Capital, Tritech Global, Kalon Venture Partners, ESquared Ventures and Greg Fury also participated. The money raised will be used for GoMetro’s plan to digitise heavy-duty commercial transport operations and develop its fleet management platform in its key markets of the UK, the EU, the US and South Africa. GoMetro is focused on expansion to the US, Latin America and Australia in the next 12 months

Justin Coetzee, a civil engineer, built the first version of GoMetro for South Africa’s rail agency, Prasa, when he was frustrated by his train always being late with no information for passengers. GoMetro’s Bridge is a cloud-based platform that manages the data streams required for successful electrification of buses and trucks, and GoMetro aims to use the funds to strengthen its software platform to manage all-electric fleets. GoMetro is focused on expansion to the US, Latin America and Australia in the next 12 months. As governments worldwide intensify their focus on reducing carbon emissions, collaborative efforts between GoMetro and Zenobē are tackling the challenges of decarbonising road transport. – © 2023 NewsCentral Media Get breaking news alerts from TechCentral on WhatsApp

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.