Nigerian Auto-tech Startup Fixit45 Raises $1.9 Million in Pre-Seed Funding Round

Auto tech platform Fixit45 recently concluded a successful pre-seed funding round, securing $1.9 million in investments. The round was supported by several notable investors, including Launch Africa Ventures, Soumobroto Ganguly, and David DeLucia, along with several angel investors who believe in Fixit45’s mission.

Fixit45 aims to make advancements in the African automotive aftermarket sector through innovation and technology. The funds raised will primarily be used to improve access to quality repairs and spare parts while expanding into new markets. 

Fixit45 recently entered into a partnership with Bolt, a global ride-hailing platform, to offer autocare, vehicle repair, and maintenance services to ride-hailing drivers. The collaboration aims to reduce disruptions in the mobility sector and help drivers optimize their income.

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The partnership is rooted in the recognition of the mobility industry’s significance in driving economic growth and shared prosperity. Fixit45’s commitment to providing autocare and auto-repair services aligns with Bolt’s mission to redefine urban mobility and empower its partners.

Fixit45
Credits: Fixit45

Under this partnership, drivers on the Bolt platform will gain access to subscription-based plans that provide autocare, vehicle repair, and maintenance services from Fixit45’s service network across the country. Additionally, drivers will benefit from repair financing, spare parts discounts, unlimited diagnostics, periodic car wash services, and tire maintenance.

Justus Obaoye, CEO and Co-Founder of Fixit45, stressed the importance of mitigating disruptions in the mobility sector, stating that this partnership aims to minimize downtime for drivers, increase earnings, improve vehicle reliability, and ensure quick service turnaround times.

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Established in 2021 by Justus Obaoye (CEO), Abdulazeez Ogunjobi (CTO), and Pankaj Bohhra (COO), Fixit45 is committed to innovating the African automotive aftermarket sector. The company’s mission is to improve access to high-quality repairs and spare parts while contributing to economic growth in the mobility industry.

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. 
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard

Bolt, Fixit45 Collaborate to Improve Access to Autocare Services

Global ride-hailing platform, Bolt, and pan-african autotech platform, Fixit45 announces partnership to enable ride-hailing drivers’ access autocare, vehicle repair and maintenance services in a bid to reduce mobility disruption and drive income optimization.

Fixit45, has partnered with leading ride-hailing platform, Bolt to provide its community of drivers with access to subscription-based plans that minimise potential mobility disruption and improves their chances of income optimisation.

CEO and Co-Founder, Fixit45, Justus Obaoye
CEO and Co-Founder, Fixit45, Justus Obaoye

This is in light of the pivotal role played by the mobility industry in the general, and ride-hailing segment in accelerating economic growth as well as driving shared prosperity, coupled with the need to sustain these mobility efforts, auto tech platform.

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This partnership is premised on Bolt’s dedication to redefining urban mobility by helping people move seamlessly and empowering partners to improve their earnings and Fixit45’s avowed commitment to building a seamless autocare & auto-repair, maintenance services, fleet management and so much more.

This subscription-based service plan for drivers on the Bolt platform guarantees unfettered access to quality auto services that include autocare, vehicle repair and maintenance from Fixit45’s service network across the Country. Other benefits include access to repair financing, discounts on spare parts, unlimited diagnosis, periodic car wash and tire services.

CEO and Co-Founder, Fixit45, Justus Obaoye noted that given the enabling power of mobility as a critical success factor in stimulating advancement and development for both urban and rural economies, it is imperative that concerted efforts are made towards mitigating disruptions in that space.

“As a platform that enhances mobility experiences, Fixit45 has collaboration in its DNA. As such, we are excited to partner with a market leader in the ride-hailing space in oiling the wheels of progress. This service plan ensures that drivers’ inactivity often occasioned by vehicle operational downtime is minimized while increased earnings, improved vehicle reliability, and quick service turnaround time are some of the perks that come with this partnership. This partnership with Bolt is poised to keep the lights of the Nigerian economy on,” Obaoye said.

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According to Femi Akin-Laguda, Country Manager of  Bolt, “At Bolt, our promise of improving the experience of our drivers has been central to our continued success in Nigeria. Our commitment is reflected in our constant effort to build new avenues that help make our drivers and fleet partners more profitable. This partnership will improve the access of our partners to cost-effective autocare, repair financing and so much more.”

He concluded by saying “We do not select our partners or partnerships frivolously; Working with Fixit45 on this project will help our drivers keep their cars in great conditions and save them a lot of time and money in maintaining their vehicles leading to better experiences for all our customers, be they drivers or passengers.”

“With technology increasingly contributing to the development of mobility, strategic engagements like this will help make life easier and put both firms at the forefront of driving change. We are driven by our overarching purpose which is to facilitate the exchange of goods and services, thereby enabling value creation for all participants and this partnership bolsters our mandate. It is heart-warming to note that we are helping stakeholders see that we are not here to compete but here to facilitate and enable the fix that makes every car owner happy,” Abdulazeez Ogunjobi, co-founder/CTO, Fixit45.

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Since it entered the Nigerian market, Bolt has been focused on developing products that offer better and more affordable alternatives in the mobility segment whilst making giant contributions to Nigeria’s socio-economic growth. Fixit45 has been building the infrastructure for a robust automotive aftermarket industry.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

Why Nigerian Autotech Startup, Fixit45, Made Its Latest Acquisition Of Parkit

Fixit45, a major autotech platform, has announced the acquisition of Parkit, a network of tech-enabled autocare and vehicle wash centers, as part of its claimed commitment to promoting value-creating interactions across stakeholders in the automotive industry.

Justus Obaoye, CEO and Co-Founder of Fixit45
Justus Obaoye, CEO and Co-Founder of Fixit45

Fixit45 has focused on building a platform that provides a seamless, collaborative infrastructure for interactions to occur across verticals such as auto repair and maintenance services, fleet management, auto parts sourcing and delivery, auto care, refurbishment and upgrades, repair financing and mechanic workshop software, as well as pre-purchase inspections, since its launch in July 2021.

Fixit45 is a repair and maintenance platform, while Parkit is an auto care platform. Xparts is a discovery and trading platform for spare parts, where you can browse a large inventory, find exact parts using the platform’s AI tools, and receive these parts quickly. Rampware is a software-as-a-service tool that helps auto-workshops manage their operations and improve service delivery experience.

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“Parkit was devoted to building up and digitizing the fragmented sector in the autocare and car wash space,” stated Justus Obaoye, CEO and Co-Founder of Fixit45.

Fixit45 autotech Fixit45 autotech

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer