South African breakdown management startup RNR has raised ZAR12 million (US$640,000) in funding to grow its team and further scale locally and in Southern Africa.
Founded in 2019 by Wayne and Michelle Witherspoon, RNR, which stands for “Right Now Reponse”, is an on-demand breakdown management and analytics platform. Using technology to match supply with demand, the company provides truck fleet managers and truck OEMs with breakdown support via its nationwide network of vetted mechanics, electricians, and repair centres.
By mobilising its closest subcontractor, RNR not only vastly improves response times but also completes 70 per cent of repairs on the roadside, which avoids expensive towing and freight delays. The app and web portal offer clients 24/7 breakdown visibility, including live location tracing and tracking from acceptance to roadside and workshop repair.
The startup raised ZAR10 million (US$555,000) in funding in February 2023, led by South Africa-based VC firm HAVAÍC, and that same investor has now led its ZAR12 million (US$640,000) latest round.
Over the past 12 months, RNR has grown revenue by 86 per cent and increased the volume of monthly breakdowns handled via its platform by 87 per cent. The startup has also expanded its network of suppliers and mechanics across Zimbabwe, Zambia, and Botswana. The investment will bolster RNR to grow its team and further scale the tech platform locally and in Southern Africa.
“HAVAÍC have been extremely supportive strategically while at the same time leaving us to do what we do best. They bring a fresh perspective and ask probing questions that open up new possibilities. We look forward to continue working closely with Kiara and the team as we take on our next growth chapter,” said Wayne Witherspoon, CEO and co-founder at RNR.
“The seasoned team at RNR knows their industry inside out. Their hands-on expertise and impressive network mean RNR is well-positioned to take advantage of the escalating demand for their technology in Southern Africa’s significant transport and logistics market. We are excited to deepen our relationship with RNR and support their remarkable growth trajectory,” said Kiara Suttner-Tromp, investment principal at HAVAÍC.
