Diligence memo · auto-generated · as of July 2, 2026
Shuttlers
Shuttlers looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Shuttlers operates in Mobility / Logistics, based in Africa. Nigerian tech-enabled mobility startup Shuttlers has raised a US$1.6 million seed round and shared plans to scale operations across cities in Africa.
Sub-sector tags: mobility.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Shuttlers has raised $1.6M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $1.6M on 2021-11-16.
Most recent recorded round closed around 2021-11-16.
Valuation (modeled)modeled
Provath models Shuttlers at approximately $16M (range $1.3M–$87M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.57× the median modeled value of Seed Mobility / Logistics companies in 2019–2021 (13 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 4.6 yr ago; this sector typically re-raises about every 10 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 77% of Mobility / Logistics peers (431 compared).
Modeled value ranks above 80% of those peers.
Closest niche peers: Tw Logistics Holdings, Llc, Uniprop Logistics, LLC, Jetstream, Jaunt Air Mobility LLC, MyPetrolPump Inc..
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.