Egypt’s ride-hailing startup Halan is raising funds in a fresh round to expand its business in Ethiopia. The startup, which recently launched its operations in Sudan, has already facilitated over 20 million rides since its inception in 2017.
Halan is a ride-hailing app for two- and three-wheeler vehicles which is targeting the lower-income individuals in the markets it operates in. Halan is currently testing its rides in Adama, Ethiopia and is expected to be fully operational by the end of the year.
Besides expanding in Ethiopia, Halan is also expanding within Egypt in cities such as Sharqeya, Daqahleya, Damietta, Qena, and Gharbeya this year.
Co-founder of Halan, Mounir Nakhla told the media that, “The company is working on growing both its B2C offerings, and its B2B products – these include on-demand logistics, as well as courier services, direct sales, payments, and peer-to-peer delivery. We do hope that Halan becomes pan-African.”
He added, “There are a lot of people in Egypt living in underserved areas characterised by narrow, unpaved streets. Halan ventured into the space of light-vehicle ride-hailing to provide safe, reliable and convenient transportation – with transparent pricing, to minimise friction – in those areas that lack the adequate infrastructure for cars, or mini-vans.”
Halan’s success is attributed to a multi-million dollar funding round last year led by Singapore’s Battery Road Digital and Egypt’s Algebra Ventures.
According to Mounir Nakhla, Halan’s offerings are completely different to that of Uber and Careem. Despite Uber offering motorcycle hailing services, Halan does not operate in those areas where Uber operates in. Currently, Halan has no competitors to challenge the startup for market share.
Founded in November 2017, it already operates in around 20 to 25 cities in Egypt and Sudan.