Nairobi, Kenya - Peach Cars KE, an e-commerce solution focused on transforming the car ownership experience in sub-Saharan Africa, announced today that it has successfully raised $5,000,000 in its recent seed funding round. The funding round was led by prominent investors including PayPal, Mercari, Inc., The University of Tokyo Edge Capital Partners, and WASEDA University Ventures (WUV).

Peach Cars KE is headquartered in Nairobi, Kenya, and operates within the vibrant automotive industry of the region. By combining cutting-edge technology with a robust offline presence, the company addresses the challenges faced by local consumers when it comes to purchasing and owning used vehicles.

With the vision of building Africa's first full-stack automotive service, Peach Cars KE goes beyond being a mere automotive marketplace. The company recognizes that cars hold immense value beyond their individual parts, serving as gateways to unforgettable experiences, valuable relationships, and countless opportunities that enrich people's lives. By focusing on every aspect of car ownership, Peach Cars KE aims to provide exceptional quality, convenience, and value to its customers throughout their entire journey.

"We are thrilled to have secured $5 million in seed funding, which will propel Peach Cars KE forward as we strive to transform the car ownership landscape in sub-Saharan Africa," said Zachary John-Pillow Petroni, the Founder of Peach Cars KE. "This investment will enable us to continue our mission of providing unparalleled convenience, value, and delight to our customers, empowering them to embrace the benefits and joys of car ownership."