CAIRO (Reuters) – Halan, is an Egyptian technology start-up that makes use of a two-or three – wheeled vehicles used for the carriage of passengers and goods, which will start working in Ethiopia before the end of 2019 at the latest, chief executive, told Reuters.
Mounir Nakhla, founder and CEO of Halan, is seen during an interview with Reuters in Cairo, Egypt, September 17, 2019. REUTERS/Yousef, Saba
The company, which focuses on underserved communities, and can also be extended to other cities in the Egyptian province of Sharqeya, Daqahleya, Damietta, Qena and Gharbeya this year, said CEO and co-founder Mounir Nakhla.
Halan, the app allows customers to request for the motorcycle, or tuk-tuk rides, or food, or goods are for delivery by motorcycle or cargo tricycles. Founded in November of 2017, when it works, though, in about 20 to 25 towns and cities in Egypt and the Sudan.
“Halan, makes a couple of million times per month, nearly half a million of those in the food supply,” Nakhla said, adding the ride-borne travel increased from 55% in food and supplies to more than four-fold in the year-to-date.
Nakhla, who has a background in micro-finance, the hope Halan, it will be a “pan-African” and said that he saw this as a huge opportunity for growth on the continent as a whole.
“He’s a very, very small town in Ethiopia, located about 150 km away from Addis Ababa, ethiopia, and it has a lot of two-wheelers and three-wheelers,” Nakhla said.
“It’s a great place to test our product in Ethiopia. We’ve done dozens of trips in the form of a test, and we’ll have a team on board.”
The town has fewer than 1,000 vehicles, of which the directors of Halan, will attempt to raise the platform for the launch of countrywide,” Nakhla said.
Halan, the delivery of partnerships with fast food chains such as McDonald’s, KFC, and Pizza Hut in the world. It is now focusing on the smaller of the restaurants in the following areas to focus on.
The app has about 10,000 active drivers, each month, in the aggregate, Nakhla said. He added that Egypt has about 700,000 tuk-tuks on the street. Uber has 90,000 monthly active drivers in the world.
Halan, it is in the midst of a Series B financing round, Nakhla said, declining to disclose a timeline or the desired amount of money.
The startup has raised “just under $20 million to date, Nakhla said. It employs more than 100 people.
Gojek, a Indonesian ride-hailing and e-payments company, is inspired by Nakhla-to-find, Halan is after he met up with Gojek is the founder and CEO Nadiem Makarim in Indonesia in 2017.
If you are asked whether Halan that would eventually go public, at Nakhla, and said: “Our current focus is on the growth of the business exponentially in a sustainable way, while adding value to the community.”
Reporting Yousef, Saba; Editing by Mark Potter