Fixit45, a Nigerian startup that provides automotive spare parts, vehicle repairs, and maintenance services, has raised $1.9 million in pre-seed funding. The funding round was led by Launch Africa Ventures, a VC investment firm, and featured participation from distinguished investors such as Soumobroto Ganguly and Dave Delucia, along with a diverse group of angel investors.
Fixit45 plans to use the investment to scale its business in Nigeria and expand into East Africa, particularly Kenya and Uganda. The startup currently has a network of over 300 operational workshops spread across nine Nigerian cities, serving nearly 4,000 clients.
Founded in 2021, Fixit45 is one of the leading autotech startups in Nigeria. The startup aims to address the challenges faced by vehicle owners in the country, such as the high cost of purchasing new or imported vehicles and the lack of access to quality repair and maintenance services.
Fixit45’s online-to-offline platform, xparts.africa, provides customers with access to a wide range of high-quality automotive spare parts. The platform also offers a variety of value-added services, such as free delivery and installation.
The company’s expansion into East Africa is a strategic move to capitalize on the growing demand for autotech services in the region. East Africa has a large and growing vehicle population, but the region is still underserved in terms of access to quality automotive spare parts and repair and maintenance services.
Fixit45 is well-positioned to tap into this growing market. The startup has a strong team with experience in the automotive industry, and it has already established a successful business model in Nigeria. With the new funding, Fixit45 is poised to become one of the leading autotech companies in Africa.
