Traxi Continental Limited (Traxi), founded in 2017, is a technology enabled tractor hiring company based in Abuja Nigeria. The company uses advanced telemetry and an owned fleet of 350+ tractors, implements and 2 harvesters, to provide small to medium sized farmers with mechanisation services (which include land preparation, crop management, harvesting and haulage). The company is in its second year of operation. Revenues are estimated to be c. $2.5million in 2018, rising from c. $300,000 in 2017. The company is largely focused on smallholder farmers and will have supported over 100,000 across 25 Nigerian states during its first two years of operations.
Traxi's purpose is to create wealth for smallholder farmers by increasing their productivity through the provision of technology enabled services. The company was sponsored by Tenet Investment Company, an early stage and growth capital investment firm focused on high impact sectors and businesses in West Africa.
Traxi operates to the highest corporate governance, social and environmental standards and works with partners who are similarly aligned.