LÜLA, “easy” in isiZulu, is an app that connects corporate commuters to private shuttles. The company is seeking to raise R2,5 million through the Equity Crowdfunding platform, Uprise.Africa.
“We are pleased to launch our first crowdfunding campaign through Uprise Africa. This is a great opportunity for us as a brand to grow and to extend our service to other parts of South Africa,” states Velani Mboweni, Co-Founder and CEO of LÜLA.
According to the City of Cape Town’s Transport and Urban Development Authority (TUDA), Cape Town is the most congested city in South Africa with 80% of peak traffic times clogged by private cars. Car pooling or sharing transport is one of recommendations that TUDA is advocating for. “With a bigger fleet of shuttles, LÜLA can alleviate congestion and save up to 20% of the fuel costs of travelling to work. We are able to save our passengers up to 80% of auto-related expenses and free up 100% of the time spent driving”, affirms Mboweni.
In the past 3 months alone, LÜLA has transported 150 passengers from corporate clients who include the likes Aurecon, PwC, SweepSouth and Old Mutual. LÜLA is a new and easier way to get around Cape Town. Since its inception in 2016, LÜLA has managed to raise over R3,7 million from local and international investors, securing nine local corporate companies as clients. Lüla was also part of the Top 10 Startupbootcamp Cohort in 2018, a company that aims to make a difference in the community by assisting startup companies across the continent.
Through their Equity Crowdfunding campaign on Uprise.Africa, LÜLA is looking to attract everyday investors to join them on their journey in accelerating their long-term growth goals. LÜLA will use the investment of R2,5 million to expand into different regions through hiring new team members, acquire more partner drivers, scale up operations and further develop their technology. This ambitious team has already raised R100 000 via their Uprise.Africa campaign.
Transport is about to have its LÜLA moment – one trip at a time. Join the movement and invest today.
About the company:
Founded in 2016, LÜLA was created to combat the problem with congestion in South Africa, the high costs of owning a car – fuel, maintenance, insurance, exorbitant parking fees and a lack of bay availability – coupled with unreliable public transit infrastructure. The private shuttles consist of crowdsourced scheduled door-to-door rides which picks up commuters from their home to work and back. LÜLA is targeting corporate commuters with +50 employees across Cape Town.
Now, it’s time to #RideWithLÜLA
Uprise.Africa is the Equity Crowdfunding platform for South Africa. The platform facilitates the investment process, ensuring it is a streamlined experience for the investor. Equity Crowdfunding places the power back into the hands of the people by enabling multiple investors to support entrepreneurs through buying equity in their businesses. Entrepreneurs receive the financial support they need while engaging in market validation, and investors develop their investment portfolio hassle-free with Uprise.Africa managing all legal and compliance matters. To find out more about investing in LÜLA and other businesses, visit www.uprise.africa