Driving Innovation: Peach Tech Secures $11M Series A to Transform Car Ownership in Africa

Peach Tech is excited to announce that we have successfully raised $11,000,000 in our latest funding round, a monumental investment in our vision to revolutionize car ownership in sub-Saharan Africa. This significant capital influx will fuel our mission to transform the automotive landscape by expanding our innovative e-commerce solution and full-stack automotive service. Since our inception, we have been driven by the belief that cars are far more than machines—they are companions to the experiences, relationships, and opportunities that define modern life. Our journey began with the launch of an automotive marketplace designed to alleviate common pain points in the locally-used vehicle market. By harnessing advanced technology and combining it with a robust offline presence, we have continuously delivered quality, convenience, and value to our customers, solidifying our reputation in the region. The funds raised will not only accelerate the growth of our online platform but will also bolster our efforts in creating a comprehensive suite of automotive services. Our goal is to seamlessly blend digital innovation with a deeply ingrained understanding of local market nuances, ensuring that every carowner in sub-Saharan Africa can benefit from a hassle-free ownership experience. From providing transparent vehicle histories to ensuring reliable after-sales support, we are committed to enhancing every step of the car ownership journey. With this new financial support, Peach Tech is poised to expand its product offerings, scale our operations, and ultimately build Africa's very first end-to-end automotive ecosystem—an initiative set to empower communities and redefine mobility in the region.