Naspers Foundry puts R54m into SA car subscription service Planet42
Company aims to compete in a growing market that targets low and middle-income earners who lack traditional bank credit for vehicle purchases
21 December 2021 - 15:11
In a move that bolsters its investments in mobility and transport technology, Naspers’s SA-focused venture arm has put down R54m to back a local technology platform that helps people without bank accounts, or access to credit, to buy and rent vehicles for everyday use.
Its Foundry unit had led a $5.8m (R91m) funding round for Planet42, an artificial intelligence (AI)-based car subscription platform, investing $3.4m, Naspers said on Tuesday...
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