Africa | December 4, 2018

Egypt’s Halan raises early funding for motorcycle ride-hailing

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, December 3 – Halan has developed a ride-hailing app for motorcycle taxis and three-wheel “tuktuks” in Egypt and Sudan. The year-old company has secured an undisclosed amount in Series A funding from Singapore-based Battery Road Digital Holdings and Egypt-based Algebra Ventures.

Halan launched in 2017 with an aim of introducing smart services to untapped mass transportation markets. “While other people were looking at informal and rural communities as spaces full of challenges and poverty, [my experience] in underserved markets showed me how much wealth and opportunity there is,” Halan’s CEO Mounir Nakhla said.

The company claims to have facilitated three million rides since launching. It will use the funding to expand into new markets and develop its technology platform.