Series A Mobility
$20M

Planet42

South Africa June 2021 Southern Africa

About this Deal

Planet42 raised $20M for car subscriptions.

Investors

Lead: Naspers Foundry

Naspers Foundry Invenfin

Other Rounds by Planet42

Series B $100M Sep 2022

Deal Details

Amount$20M
TypeSeries A
InstrumentEquity
SectorMobility
FounderMale-led
StatusClosed

Company

PL
Planet42
Startup · Cape Town

Other Companies in this Market

See all
SME
House of Mandela Wines Mandela legacy in every bottle
South Africa
Non-profit
Black Industrialist Scheme South Africa Supporting black South African manufacturers
South Africa
Corporate
Nando's Flame-grilled PERi-PERi from SA to the world
South Africa
SME
Mamelodi Sundowns FC Africa's football giants
South Africa
Non-profit
Wesgro Cape Town and Western Cape Cape Town's investment and tourism agency
South Africa
SME
Babylonstoren Farm Historic Cape Dutch farm restored
South Africa

People in this Space

See all
AR
Allon Raiz Founder @ Raizcorp Business Incubator
South Africa
PM
Patrice Motsepe Founder @ African Rainbow Minerals
South Africa
AS
Anant Singh Founder @ Videovision Entertainment
South Africa
ST
Sheldon Tatchell Founder @ Legends Barbershop
South Africa
GS
George Sombonos Founder @ Chicken Licken
South Africa
KP
Kiaan Pillay Founder @ Stitch South Africa
South Africa

Related News

See all
African Vaccine Manufacturing 2026: Afrigen's mRNA Technology Transfer Hub, Biovac, Moderna's USD 500 Million Kenya Plant, and the BioNTech BioNTainers The COVID-19 pandemic exposed African dependence on imported vaccines and triggered a wave of commit...
Mar 21, 2026 South Africa
AI in African Education 2026: FoondaMate's 3 Million Learners, ChatGPT Adoption, and the Personalized Learning Promise Artificial intelligence in African education has moved from experimental to practical deployment, wi...
Feb 19, 2026 South Africa
Just Energy Transition Partnerships in Africa 2026: South Africa's USD 8.5 Billion Commitment, Senegal's Framework, and the Replication Question Just Energy Transition Partnerships (JETPs) committed international climate finance to support devel...
Feb 14, 2026 South Africa
African Battery Energy Storage 2026: The Missing Piece of the Renewables Puzzle Battery energy storage is increasingly recognized as the technology that can unlock the full potenti...
Nov 27, 2025 South Africa