Mayday, Egypt’s Roadside maintenance service company has raised an undisclosed six-figure investment in a round led by Vflock Angel Network along with Alex Angels and Falak Startups.
Founded in 2018 by Mohamed Aboelfotouh, Islam Ahmed, Amr Essam, Mayday is an Egyptian startup providing roadside assistance services to motorists across Cairo & Giza. Mayday has an app that offers a safe and hassle free experience to its users while utilizing location-based services to guarantee a rapid response and dispatch process.
Its services include different types of roadside assistance services such as towing, tire repairs, battery jumpstart, oil change, and fuel delivery.
Mayday claims to have completed over 5,500 successful rescue requests across 24 major cities and highways in Egypt.
According to Mohamed Aboelfotouh, “We’ve been bootstrapping for better part of the year and now finally have the opportunity to invest in a solid marketing plan to drive awareness, further improve our technology and work on enhancing our service offerings with a focus on B2B.”
“We are thrilled to have this strong group of investors join our company and we will work to realize our vision to establish MAYDAY as the leader in the field of roadside assistance and automotive services,” he added.
Adel El Boseli, the founder of Vflock, said, “We at VFlock were happy to lead this round and syndicate it with both Falak and Alex Angels, a good example of ecosystem players coming together and pooling resources to support a good startup while adding a great lineup of investors to Mayday’s support system.”
He added that investment will help Mayday come out as a clear leader in the Egyptian roadside assistance market for both individuals and businesses and support it to grow further and attract more investment in the future.
Yousef El Sammaa, the Managing Director of Falak Startups, said, “We believe that Mayday is one of our best investments made in the past two years. They’ve been growing with flying numbers in a very limited time. They’re proving that our initial investment was worth every penny and we didn’t hesitate to join and support their new round, because we trust they’ll scale to even greater heights. They’re a strong team with great vision and passion tackling an important problem in a fragmented market.”
