Agilitee, the market leader in Artificial Intelligence, electric vehicles and the green revolution giant has commenced the roll out of electric vehicles in Zimbabwe. Most of the customers have started collections of their delivery scooters from Agilitee. Majority of the customers are companies that are taking fleet instead of just one vehicle.
Commenting on the sidelines of this big activity, Country Director Tanaka Kutama said, As we begin our first roll out of Electric bikes to various service providers in food and security we aim to have atleast 300 bikes on the road by December, so there ease of doing business and saving costs for business during the festive season
Agilitee started rolling out in South Africa last month and promised to roll out in Zimbabwe this month and the Company has fulfilled its promise. The company is planning a roll out in Kenya, Nigeria and Ghana on the first week of December 2022. Agilitee has reached its full capacity implementation stage where the company plans to roll out 20 000 electric vehicles on African roads by the end of the first quarter in 2023.
Nkululeko Magwaza, Head of Inventory at Agilitee Ltd also stated, it’s another thing to build something as great as what Agilitee did to restore hope for all Africans, yet another thing also to promise to deliver it on a specific date and today I am excited that we kept our promise to our people in Africa. The Zimbabwe roll out is the second country roll out and we are excited for all Zimbabweans that the greener future that is led by the pioneer of the industry in Africa has finally dawned on Zimbabwe. We are grateful to the government of Zimbabwe for the support and the systems that have been put in place by the current government to ensure that the Zimbabwean environment is conducive for foreign investments.
These roll outs both in South Africa and Zimbabwe follow the approval of the Memorandum of Incorporation (MOI) of Agilitee by the Johannesburg Stock Exchange (JSE) in July for Agilitee to be converted from a privately held company into a public company; on the 1 September, the AI and Green Revolution Giant also received the approval of the Companies and Intellectual Property Commission for the conversion.
Agilitee is now officially a public company and this marks the first step towards the most highly anticipated IPO in Africa. Agilitee is currently conducting an IPO on the Johannesburg Stock Exchange and the company is raising $2 billion by selling 10% of the Company as part of the listing on the JSE.
The Agilitee IPO values Agilitee at $20 billion and it has increased the net worth of the founder, Dr. Mandla Lamba who owns 77.5% which is valued at $15.5 billion post IPO making him the richest man in South Africa and the second richest person in Africa.