Carbin Africa: How this Nigerian automotive startup hit a billion GMV in one year
- Carbin Africa was founded in 2023 to address slow inventory turnover in Nigeria's automotive market.
- The startup has sold over 1,000 cars in its first three years and exceeded a billion Naira in Gross Merchandise Value since March 2024.
- Carbin Africa's AI-powered data platform provides real-time access to 1,800 unique car listings, updated every 30 minutes.
Carbin Africa's innovative approach to leveraging data in the automotive market represents a significant advancement in addressing long-standing challenges faced by dealerships. Their focus on enhancing dealer profitability through technology could reshape the landscape of car sales in Nigeria, but they must navigate macroeconomic challenges and competition effectively to sustain growth.
