International Finance Corporation

International Finance Corporation (IFC), established in 1956, is a member of the World Bank Group dedicated to fostering private sector development in emerging markets. Headquartered in Washington, D.C., with global offices, IFC provides financial and advisory services to support economic activities across various sectors such as infrastructure, agriculture, manufacturing, and financial services. It invests in both direct equity and debt, as well as fund investments, with a focus on projects that promote sustainable development and inclusive growth. IFC's investment range typically spans from $1 million to $100 million, with a minority equity stake, often up to 20%. It also offers debt financing, with loan sizes up to 25% of total project costs or 50% for expansion projects. IFC's portfolio includes a mix of asset-backed securities, corporate debt securities, government obligations, equity investments, and derivative assets. It aims to exit investments through domestic stock markets, arrangements with project sponsors, or public listings within 7 to 15 years.

Wale Ayeni

Regional Head Africa Venture Capital

Paulo De Bolle

Director, Special Situations

Ali Demirci

Global Head, Venture Capital Funds

Andi Dervishi

Chief Investment Officer and Global Head, Fintech

Makhtar Diop

Managing Director

Imad N. Fakhoury

IFC Regional Director South Asia

Allen Forlemu

Regional Industry Director, Financial Institutions Group, Asia and Pacific

Stephanie Friedeburg

Vice President, Corporate Strategy and Resources

Mohamed Gouled

Vice President, Industries

Cheryl Hanway

Director

Saadia Khairi

Vice President and Chief Risk Officer

Rosy Khanna

Regional Industry Director for Financial Institutions in Asia-Pacific

Alfonso Garcia Mora

Regional Vice President for Europe, Latin America and the Caribbean

Vivek Pathak

Director and Global Head of Climate Business

Mary Peschka

Regional Director for Eastern Africa

Sergio Pimenta

Regional Vice President, Africa

Oumar Seydi

IFC Regional Director, Africa

Sarvesh Suri

Regional Industry Director, Infrastructure and Natural Resources

Dahlia Khalifa

Regional Director of Central Africa, Liberia, Nigeria and Sierra Leone

Past deals in Transportation

Cube Highways Trust

Post in 2025
Cube roadways Trust is utilizing the public-private partnership (PPP) model in the roadways sector to operate and manage highway projects in collaboration with the federal and state governments.

Promigas

Post in 2024
Promigas is a company focused on the transportation, distribution, and sale of natural gas, oil, and other hydrocarbons. It operates in several segments, including gas transportation, gas distribution, integrated solutions for the hydrocarbon industry, and non-bank financing. The company is responsible for building and maintaining the infrastructure necessary for natural gas transmission and distribution. Promigas generates most of its revenue through its natural gas transmission and distribution activities, which include energy generation and liquid natural gas services. Through its comprehensive approach, Promigas provides essential solutions that support the hydrocarbon industry's operational needs.

Tanger Med Port Authority

Debt Financing in 2024
Tanger Med Port Authority, based in Morocco, is responsible for the management and development of port infrastructure and services. The authority focuses on coordinating the port community and ensuring the reliability and performance of the services offered to customers. It oversees the construction and maintenance of port facilities while regulating interactions among various stakeholders within the port ecosystem. The authority collaborates with reputable private operators, both national and international, who invest in the port's superstructures and equipment under concession contracts. These operators provide services that adhere to international standards of quality, safety, and security, thus enhancing the operational efficiency of the marine industry at the port complex.

BLS Logistic Services

Venture Round in 2024
BLS Logistic Services is a logistics company that specializes in providing integrated solutions to meet the evolving needs of its customers. The company offers a range of services, including warehousing, transportation, light assembly, and inspections. By focusing on scalable and customizable logistics solutions, BLS aims to enhance operational efficiency while minimizing capital commitments for its clients. This approach allows the company to support businesses in optimizing their warehouse capacity utilization and streamline their supply chain operations.

GoTo Group

Debt Financing in 2023
GoTo Group is an application used for ride-hailing, food delivery, and other services. GoTo Group is driving progress by providing technology infrastructure and solutions that enable everyone to participate in and thrive in the digital economy.

Cobli

Series B in 2023
Cobli is a FleetTech company focused on simplifying and enhancing fleet management. Founded by Parker Treacy and Rodrigo Mourad, Cobli has experienced over 100% annual growth and has expanded its workforce to more than 400 employees. The company has raised $45 million in funding, primarily from Softbank, and operates across Brazil, serving diverse industries such as telecommunications, transportation, energy, e-commerce, and construction. Cobli's platform leverages IoT, Artificial Intelligence, Big Data, and video telemetry technologies to improve fleet efficiency. Its solutions are designed to reduce costs, enhance productivity, increase driver safety, ensure operational compliance, and elevate the customer experience. The company also specializes in vehicle tracking and provides tools for monitoring driver behavior, dynamic routing, and fraud prevention, addressing common challenges faced by fleet owners.

Cube Highways Trust

Post in 2023
Cube roadways Trust is utilizing the public-private partnership (PPP) model in the roadways sector to operate and manage highway projects in collaboration with the federal and state governments.

Mahindra Last Mile Mobility

Venture Round in 2023
Mahindra Last Mile Mobility is a division of Mahindra & Mahindra, specializing in a diverse range of last-mile mobility solutions, including petrol, CNG, diesel, and electric three- and four-wheelers for both passenger and freight transport. The division emphasizes sustainable mobility, particularly through its development of battery-operated electric vehicles, which aim to address climate change concerns. In addition to manufacturing electric vehicles, Mahindra Last Mile Mobility offers an application that provides features such as remote car control and vehicle range monitoring, facilitating seamless fleet operations for owners transitioning to electric vehicle fleets.

Gozem

Venture Round in 2022
Gozem is a super application that provides a range of transportation, delivery, and cashless payment services to its users. Available on both Android and iOS, the platform offers various ride-hailing options including motorcycle-taxis, car-taxis, and tricycle-taxis, catering to diverse mobility needs. In addition to these transportation services, Gozem also facilitates grocery delivery and financial services, making it a comprehensive solution for consumers, drivers, and retailers. The app aims to deliver convenient and cost-efficient access to essential services, enhancing the overall user experience in urban mobility and e-commerce.

Toters

Series B in 2022
Toters is a delivery service that connects customers with local retailers through its marketplace platform. The company offers a user-friendly application that allows customers to order food, groceries, and various products from neighborhood stores, facilitating a seamless shopping experience. Toters also operates dark grocery stores under the brand name Toters Fresh, enhancing its service offerings. The company has established a strong presence in its markets and maintains a leadership position across multiple verticals. Through a network of couriers, Toters ensures efficient delivery from any store within the city, allowing users to track their orders in real-time.

Truck Lagbe

Series A in 2021
Truck Lagbe is a logistics platform based in Bangladesh that facilitates the booking of trucks for shipping and freight transportation. The service allows shippers to hire vehicles ranging from 1 ton to 25 tons for both short-haul and long-haul trips. Available on Android and iOS, the application streamlines the process of securing transportation, enabling businesses to improve their logistics operations and ensure the safe delivery of goods.

Anteraja

Private Equity Round in 2021
Anteraja, established in 2019 and based in Indonesia, is a technology-driven logistics company specializing in courier and delivery services. It offers a range of shipping solutions, including the transportation of large and heavy items such as furniture and electronics, at competitive prices. The company aims to provide a convenient, efficient, and reliable delivery experience, utilizing an integrated logistics system and extensive transportation infrastructure to connect markets across Indonesia.

BlackBuck

Series E in 2021
Blackbuck, founded in 2015, is a leading online platform in India that connects shippers with truck operators, transforming the logistics landscape through technology. The company focuses on streamlining the trucking process by facilitating load bookings, offering price discovery, route optimization, and in-transit tracking. This comprehensive approach not only enhances operational efficiency for shippers and truckers but also supports the livelihoods of many individuals within the transportation ecosystem. Blackbuck's commitment to reliability and efficiency has positioned it as the largest trucking network in India, backed by a strong team and notable investors. The company has received multiple accolades, including the 'Young Turks Startup of the Year' award and recognition as 'Company of the Year - Logistics' in 2018. Additionally, Blackbuck's innovative business model has been featured in a Harvard Business School case study.

Cebu Pacific

Post in 2021
Cebu Pacific is a leading low-cost airline in the Philippine aviation industry, established in March 1996. The company pioneered a "low fare, great value" strategy and has since transported over 70 million passengers. Cebu Air Inc operates through two main segments: the airline business, which includes both its parent company and CEBGO, and the line and light maintenance business under A-Plus. The airline offers domestic and international air services across various regions including the Philippines, Asia (excluding the Philippines), Europe, and other areas.

Bolt

Convertible Note in 2021
Bolt is the first European app with a mission to make cities for people, not cars. Bolt has 100 million customers in 45 countries across Europe and Africa. The company challenges personal car ownership, offering better alternatives for every use case, including ride-hailing, shared cars and scooters, and food and grocery delivery. Bolt was founded in 2013 and is headquartered in Tallinn, Estonia.

John Keells Holdings

Debt Financing in 2020
John Keells Holdings PLC is Sri Lanka's premier diversified company, operating across multiple sectors including transportation, consumer foods, retail, leisure, property, financial services, and others such as information technology and plantation services. The Transportation segment provides ports and shipping, integrated logistics, airline and aviation services, and related marine services. The Consumer Foods segment offers a variety of products under brands like Elephant House, Wild Elephant, Twistee, Fit-o, Keells-Krest, Krest, and Ezy rice. The Retail segment operates a chain of supermarkets and distributes office automation equipment. The Leisure segment manages luxury hotels and destination management businesses. The Property segment develops residential and commercial properties, rents office spaces, and manages real estate. The Financial Services segment offers insurance, banking, debt trading, fund management, leasing, and stock broking services. Additionally, the company provides business process outsourcing, software, information technology services, tea and rubber broking, and pre-auction produce warehousing services. Founded in 1870 and based in Colombo, Sri Lanka, John Keells Holdings PLC generates a significant portion of its revenue from Sri Lanka while also having a presence in Asia and Europe.

tembici.

Series B in 2020
Tembici is the leading micro-mobility player in Latin America, providing first and last mile transportation solutions do daily commuters.

TruKKer

Series A in 2019
TruKKer is a technology-enabled truck aggregator based in Abu Dhabi, UAE, founded in 2016. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by integrating demand and supply for land freight services. TruKKer's platform connects shippers and carriers in real time, ensuring maximum utilization of available trucks and reducing overall transportation costs. The company's network, powered by real-time data analytics, enhances reliability and transparency while creating opportunities for data monetization and consolidated procurement. By offering end-to-end coverage and a comprehensive service portfolio, TruKKer facilitates cross-border transportation services for various end markets, benefiting both shippers and transporters alike.

TruKKer

Venture Round in 2019
TruKKer is a technology-enabled truck aggregator based in Abu Dhabi, UAE, founded in 2016. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by integrating demand and supply for land freight services. TruKKer's platform connects shippers and carriers in real time, ensuring maximum utilization of available trucks and reducing overall transportation costs. The company's network, powered by real-time data analytics, enhances reliability and transparency while creating opportunities for data monetization and consolidated procurement. By offering end-to-end coverage and a comprehensive service portfolio, TruKKer facilitates cross-border transportation services for various end markets, benefiting both shippers and transporters alike.

BlackBuck

Series D in 2019
Blackbuck, founded in 2015, is a leading online platform in India that connects shippers with truck operators, transforming the logistics landscape through technology. The company focuses on streamlining the trucking process by facilitating load bookings, offering price discovery, route optimization, and in-transit tracking. This comprehensive approach not only enhances operational efficiency for shippers and truckers but also supports the livelihoods of many individuals within the transportation ecosystem. Blackbuck's commitment to reliability and efficiency has positioned it as the largest trucking network in India, backed by a strong team and notable investors. The company has received multiple accolades, including the 'Young Turks Startup of the Year' award and recognition as 'Company of the Year - Logistics' in 2018. Additionally, Blackbuck's innovative business model has been featured in a Harvard Business School case study.

Visakha Container Terminal

Debt Financing in 2019
Visakha Container Terminal operates terminals and ports. The business provides storage, railway services, reefer operations, and container handling. In order to offer customers and suppliers secure, dependable services, they are outfitted with full-featured workshop and fueling facility modern software systems. These systems also have the adaptability to meet innovative client requirements for electronic data interchange.

Liftit

Series A in 2018
Liftit S.A.S. is a logistics company based in Bogotá, Colombia, that operates a technology-driven platform connecting cargo transportation services with individuals and businesses in need of these services. Established in 2016, Liftit serves as a marketplace for shippers requiring transportation for a variety of items, including home goods, electronics, and construction materials, by linking them with independent truck drivers. The platform focuses on enhancing the logistics industry through technological innovation, optimizing operations, and providing real-time monitoring and tracking of services from order placement to dispatch. This approach aims to streamline logistics management and improve efficiency for its users.

Mep Infrastructure Developers

Post in 2018
Mep Infrastructure Developers is an Indian infrastructure company established in 2002 and headquartered in Mumbai. The firm focuses on the construction, operation, and maintenance of road infrastructure, primarily serving central and state road authorities. It operates in several business segments, including toll collection, operation and maintenance, and construction. A significant portion of its revenue is derived from toll collection and maintenance services. The company emphasizes an innovative and technologically advanced business model that is largely self-funded and asset-light, making it efficient and easy to manage. Mep Infrastructure Developers also provides toll management services, assisting clients with the complexities of toll system implementation and operation, including the installation of electronic toll and cash collection systems as well as communication networks.

PickMe

Venture Round in 2018
As the market leader and Sri Lanka's most successful start-up business in recent times, they envision the intelligent upgrade of the local transportation industry; consequently inspiring Sri Lanka towards matching global standards in effective problem solving via technology. PickMe is the proud product of this vision, instilled by their leadership that comprises the enterprisingly youthful and highly accomplished, and realized by talent warehoused at their headquarters in Colombo, Sri Lanka. The PickMe software is a platform that facilitates a real time connection between the taxi passenger and the taxi driver, enabling mutual engagement for the receipt and delivery of a seamless service.

Mandaê

Series B in 2018
Mandaê is a Brazilian logistics company that leverages technology to enhance the delivery industry, offering an innovative and streamlined service for small and medium-sized businesses (SMBs). By providing a digital platform, Mandaê manages the entire parcel supply chain, including pickups, cross-docking, and last-mile transport, without owning physical assets. This model allows SMBs to utilize private transporters, significantly reducing their shipping costs by up to 35% compared to traditional postal services. Mandaê’s mission is to "Connect Stories" through logistics, ensuring a high-quality and efficient shipping experience. The company has received substantial investment from prominent Latin American investors and has gained recognition through various awards, including the ABComm Innovation in E-commerce Logistics Award and the São Paulo “Smart Cities” category of the 1776 Challenge Cup.

Lithium Urban Technologies

Venture Round in 2018
Lithium Urban Technologies is a pioneering company in India that specializes in providing zero-emission transport services through its fleet of electric vehicles. Focused on sustainability, the company offers e-Mobility as a Service (e-MaaS), aimed at alleviating traffic congestion and reducing air pollution in urban areas. Lithium’s approach combines a robust technology platform for telemetry, geographic information systems (GIS), and transport management, which enhances scheduling, rostering, and analytics-driven optimization. The company is committed to social responsibility and continuous innovation, ensuring that its services not only meet consumer needs but also contribute positively to the environment. With trained and certified drivers, Lithium Urban Technologies positions itself as a leader in the transition to clean and efficient public transport solutions in India.

Oway

Venture Round in 2018
Oway, Inc. is a travel agency based in Yangon, Myanmar, founded in 2012. The company operates an online platform that allows users to book a variety of travel services, including flights, hotels, car rentals, and tours. Oway caters to both business travelers and consumers, offering solutions that include corporate travel management, visa assistance, and event planning. Additionally, the company provides taxi-hailing and e-payment services through its mobile application and website, facilitating efficient travel for its clients. With a comprehensive inventory and multiple payment options, Oway aims to enhance the travel experience for local and international customers.

BlackBuck

Series C in 2017
Blackbuck, founded in 2015, is a leading online platform in India that connects shippers with truck operators, transforming the logistics landscape through technology. The company focuses on streamlining the trucking process by facilitating load bookings, offering price discovery, route optimization, and in-transit tracking. This comprehensive approach not only enhances operational efficiency for shippers and truckers but also supports the livelihoods of many individuals within the transportation ecosystem. Blackbuck's commitment to reliability and efficiency has positioned it as the largest trucking network in India, backed by a strong team and notable investors. The company has received multiple accolades, including the 'Young Turks Startup of the Year' award and recognition as 'Company of the Year - Logistics' in 2018. Additionally, Blackbuck's innovative business model has been featured in a Harvard Business School case study.

Full Truck Alliance

Series B in 2017
Full Truck Alliance is a Chinese company that operates a platform connecting shippers with truckers to facilitate the transportation of goods over various distances and cargo weights. The company provides comprehensive services to both shippers and truckers through its mobile and web platforms. Its primary source of revenue comes from the use of these platforms for freight matching services, as well as additional value-added services. By streamlining the logistics process, Full Truck Alliance aims to enhance efficiency in freight transportation within the region.

Huochebang

Series B in 2016
Huochebang is an online truck logistics platform that connects cargo shippers with truck drivers across China. The company offers an integrated service that facilitates communication between these two parties by listing available truck capacity and assisting drivers in finding commodities to transport and vacant parking lots. Additionally, Huochebang provides services related to truck sales and used truck auctions, contributing to the overall efficiency and cost-effectiveness of the transportation sector. By streamlining the logistics process, Huochebang enhances the operations of both truckers and shippers in the Chinese market.

Oway

Series C in 2016
Oway, Inc. is a travel agency based in Yangon, Myanmar, founded in 2012. The company operates an online platform that allows users to book a variety of travel services, including flights, hotels, car rentals, and tours. Oway caters to both business travelers and consumers, offering solutions that include corporate travel management, visa assistance, and event planning. Additionally, the company provides taxi-hailing and e-payment services through its mobile application and website, facilitating efficient travel for its clients. With a comprehensive inventory and multiple payment options, Oway aims to enhance the travel experience for local and international customers.

Samson Maritime

Private Equity Round in 2008
Samson Maritime Limited provides marine support services primarily to the oil and gas industry in India. Established in 1994 and based in Mumbai, the company operates a fleet of platform supply and offshore supply vessels that facilitate the transportation of essential materials such as oil, water, and cement to offshore rigs. Their services include personnel transfers, emergency evacuations, medical assistance, and routine safety surveillance. Additionally, Samson Maritime offers anchor handling tug services, which support rig moves and towing operations, as well as firefighting and medical evacuation services. The company also manages single point mooring (SPM) terminals, providing operation, maintenance, and inspection services. Other offerings encompass port and harbor services, including berthing assistance for vessels, long-distance towage, and salvage operations. With site offices situated in various strategic locations across India, Samson Maritime aims to deliver reliable and efficient marine support to enhance offshore exploration and production activities.
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