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Traxtion Secures $86.0M

Recently funded ยท $86.0M UnknownTransportation, Logistics, Supply Chain and StorageZAView source

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Africa's rail and locomotive sector is set to see further development, as Traxtion announced it has raised $86.0M in new capital. The company, which provides a range of services from full-service rail freight operations and locomotive leasing to technical maintenance and HR training, secured the investment from a consortium including STANLIB Infrastructure Investments, Standard Bank, Harith, Harith InfraCo, and PAIDF2.

Traxtion is committed to bringing fresh prospects and progress to the people of Africa, offering solutions that span rail operations, technical services, and even funding for rail and power generation infrastructure across the continent. Its focus on human capital development includes a TETA accredited diesel-electric technical training centre in Gauteng.

South African rail operator Traxtion has secured $86 million in equity funding to complete the financing of its previously announced R3.4 billion rolling stock investment programme, strengthening its position as rail reform and private-sector participation continue to gain momentum across the country.

The funding round brings together STANLIB Infrastructure Investments, Standard Bank and long-standing investor Harith through its Harith InfraCo and PAIDF2 funds. The transaction was facilitated by Pallidus Capital. ๐Ÿ‘‰ ๐“๐จ ๐ซ๐ž๐š๐ ๐ญ๐ก๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐š๐ซ๐ญ๐ข๐œ๐ฅ๐ž: https://lnkd.in/dpqJuCJf โ€œThis additional investment clearly demonstrates the confidence we have long held in the future of rail and

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