Vite Technologies


Vite Technologies

About the project

Vite Technologies LTD (“Vite”) is a ridesharing mobile application that matches riders with driver-partners, to provide users with comfortable and convenient transportation services. The company is able to differentiate itself in the marketplace through its fair commission-based model, taking a 10% – 15% service fee on each ride, compared to the commissions of up to 25% charged by competitors operating elsewhere on the continent. The company was launched in 2017, in response to the lack of convenient and affordable ridesharing services.

Africa’s urban mobility market is estimated $10 billion annually and growing. By 2030, 89 African cities will contain more than a million inhabitants according to Mckinsey & Co. This coupled with the fact that 45 million people migrate into urban centers yearly, support the notion that African cities represent a large market opportunity for ridesharing, given that the competitive landscape is highly fragmented in certain markets.

The company believes the solution to these issues is rooted a multi-modal offering, one with a dynamic business model and a hyperlocal approach that runs counter to the ‘get in,think later’ plan employed by the few relevant existing players.

Vite Technologies

Need capital for a business that will shape the African future?

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Venture Capital Firm

Vite Technologies

D Global Ventures is actively using 23 technologies for its website, according to BuiltWith. These include Viewport Meta, IPhone / Mobile Compatible, and SPF.

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Partner/Principal Consulting At EY

Vite Technologies

Executive with a passion for advocating for and investing in people. I desire to facilitate opportunities for people to reach their highest potential.

Managing Director, Fidelity Investments

Vite Technologies

At Fine Structure Ventures, a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments we focus on early stage investments in disruptive scientific and technological innovation.

Prior to this fund, I led investments in deep tech (AI, Robotics, Blockchain, Crypto, HPC, etc.) over 15 years for funds at Applied Crypto Ventures, F-Prime Capital, Eight Roads, and Fidelity Ventures.

I am a follower of the globalization of innovation and enjoy engaging with leading regional funds as an advisor: Pillar VC (Boston), Kae Capital(Mumbai), and Oui Capital (Lagos). This follows a long career as a technology entrepreneur, operator, investor, and dealmaker for over 20 years.

I frequently take on operating roles in startups, and in recent years, I have led strategic business development for startups like Tactai (haptics and virtual reality) and ownCloud (cloud file storage). Previously, I led business development efforts at RSA’s Data Security Division and drove the relationship that led to the $2.3B acquisition of RSA by EMC in June 2006 (largest tech deal that year).

I earned dual MBAs from Columbia Business School and London Business School; an MSEE from Clarkson University, and a BE in Comp. Engg. from Mumbai University.

Follow my analytical writings at or on twitter (@kamadoll)

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Managing Director, Foundry Group

Vite Technologies

Author of The New Builders – a look a the changing nature of entrepreneurship in America today. Available for pre-order now!

Financial and operations background – venture capital/private equity/corporate development/mergers and acquisitions

Specialties: Venture Capital/Private Equity
Corporate Development
Mergers and Acquisitions