AfriCar Group

About

Africar Group operates a digital network of pre-owned vehicle marketplaces across 45+ African countries, running online classified platforms and D2C used-car operations (Auto24) to facilitate buyer and seller transactions.

Mission

Africar Group operates a network of digital automotive marketplaces that facilitate buying and selling of pre-owned vehicles across Africa. Its core product is an online marketplace platform available in more than 45 countries, covering markets totaling over 1 billion people. Over the past five years the company has enabled millions of buyers and sellers of pre-owned vehicles to transact. Following an investment from Stellantis, Africar launched Auto24, a direct-to-consumer used-car company in Ivory Coast and expanded its market capabilities. The company is led by CEO Axel Peyriere and was initiated by Emerging Classifieds Ventures, which specialises in building and operating marketplaces in emerging markets.

Quick Facts