International tech company Yango Group has launched a new automotive business, Yango Motors, debuting the company in Côte d’Ivoire.
- •As an official distributor for the Chinese brands Bestune and Kaiyi, Yango Motors will provide a selected range of models tailored to local realities.
- •Yango Motors will combine competitive pricing with dedicated financing options in partnership with local banks and leasing companies, as well as strong after-sales support and spare parts availability.
- •In July, Yango Ventures, the investment arm of Yango Group, made an investment into Kenyan mobility startup BuuPass.
“By offering cars that are adapted, reliable, and affordable, we aim to support Ivorians in their daily journeys and contribute to the growth of the local mobility ecosystem,” Kadotien Alassane Soro, Country Head at Yango Côte d’Ivoire.
Founded in 2018 as a ride-hailing services and headquartered in Dubai, Yango Group now operates in over 30 countries globally.
Its July investment in BuuPass was made just three months after it launched the US$20 million corporate venture arm. The venture arm is focusing on early-stage startups in fintech, B2B SAAS, and online-to-offline sectors. Its other known investment is in Pakistani logistics fintech startup Trukkr.
