$100k (debt) and $2m (equity)
$8m pre-money
Mining: 3 private mining contracts confirmed for 60 months - $39m total contract value: $344k ARR (avg 20% profit margin per contract) Telemetry: 5 contracts confirmed - $93K contract value: $67k ARR
Secured have a $100k debt as each new contract has a 2-3 month setup fee Projected revenue for next 12 months: $442k - Mining: 40 trucks - Telemetry: 400 assets at $32/assets/month
◎ Company overview
Khomba Solutions is a telemetry and booking SaaS platform for industrial and commercial vehicles. They enable mining, construction and passenger companies to:
- manage bookings
- track telemetry (operations and surveillance)
- optimise maintenance
It uses IoT, telemetry and advanced analytics to offer real-time tracking, condition monitoring, trip diagnostics, and predictive maintenance capabilities for industrial vehicles and equipment.
Clients gain instant operational insights and tools to boost productivity. The rental booking engine and digitized admin workflow also simplifies the process of sourcing and managing fleet assets for projects.
Problem
Fleet owners and managers in mining, construction, logistics and other industries face major challenges in tracking assets, monitoring condition, and coordinating rentals. Key pain points include:
🧭 Limited Visibility: No real-time tracking of vehicle locations and routes leads to utilization and productivity losses.
🌡 Lack of Diagnostics: Inability to monitor fuel usage, engine health, and other telemetry incurs higher maintenance costs.
🧾 Manual Rental Workflow: Administrative hassles managing fleet sourcing, bookings and payment friction reduce rental revenue.
♻️ Environmental Impact: Lack of emission monitoring and route optimisation contributes to a large carbon footprint.
Solution
Khomba delivers an integrated suite to address these transportation technology gaps by simplifying key pain points, boosting utilization rates, improving workforce coordination and reducing operating as well as environmental costs.
🖥 Enhanced Visibility & Diagnostics: Khomba Move provides real-time tracking, condition monitoring and trip analytics to optimise fleet usage and maintenance.
🔂 Streamlined Rentals: Khomba Hire offers an intuitive rental booking platform with integrated billing and automated workflows for fleet owners.
🛣 Environmental Monitoring: Khomba Watch enables route optimisation along with emissions tracking to reduce fleet carbon footprint.
⚙️ Predictive Maintenance: Data analytics models preemptively identify potential mechanical failures to minimize downtime.
- Resilient team: started building logistics efficiencies for public transport and shifted to mining and construction based on client requests
- Confirmed revenue: $344k ARR confirmed for next 5 years from 3 mining contracts, $67k ARR in telemetry contracts for next 12 months
- Scalable tech: platform integrates rental, telemetry and surveillance on a SaaS model, which allows to expand to multiple industry verticals (mining, construction, passenger, medical)
- ◎ Company overview
- 🚀 Current traction
- 🖥 Product & Tech
- 💸 Investment opportunity
- 📊 Financial overview
- 🌍 Market size
- 🧲 Team
🚀 Current traction
Revenue
- 3 signed contracts:
- 3x 5-year mining contracts worth $39m (South African private mines)
- 3 telemetry contracts with $600k ARR
- 3x 5year contracts in pipeline
- Ugandan petroleum company (contract value $377k)
- Ugandan diary (contract value $267k)
- South African mine&refinery (contract value $14.5m)
- Signed agreements with Hollard/CTU Insurance and Oaksure Insurance to distribute telemetry fleet solution
- 45 connected vehicles fitted with telemetry & monitoring devices
Client | Duration | Details | Contract value | Monthly Rev |
Ndalama Mine | 72 | Supply 18 trucks with monitoring & telemetry | $17.8m | $9,750 |
Medger Hills Mine & Refinery | 60 | Supply Equipment & Truck Monitoring Tech | $6.3m | $7,562 |
Atlegang Assets | 60 | Start off with supplying x10 34 ton trucks to deliver coal and monitoring technology to track and measure performance | $15.5m | $9,061 |
See complete Sales Pipeline here
Product & Platform
- Live production platforms for Khomba Move telematics, Khomba Watch driver surveillance, and Khomba Hire digitized booking engine
- Integrated with 600+ third party telemetry hardware providers
- Built custom mobile apps for real-time fleet tracking and communication
- Plan additional R&D investments into AI/ML, automated reporting, integrated dashboards
- Received full regulatory compliance for operations
- Developed propriety IP across vertical-optimized SaaS solution enhancing platform defensibility
Funding
- Bootstrapped initially through friends & family funding - specifically money we made from free lance software projects - $35k
- Raised pre-seed round from Smart Billion Investments of $150k (equity returned and relationship closed)
🖥 Product & Tech
Khomba delivers an integrated suite spanning needs around asset visibility, coordination, monitoring and rental workflow - packaged into a user friendly SaaS solution
Telemetry & IoT
Telematics & Maintenance
Real-time fleet tracking and geofencing. Vehicle telemetry monitoring - fuel, RPM, battery, emissions. Predictive maintenance analytics to optimize service scheduling
Benefits: Enhanced fleet oversight, improved uptime, extended asset lifetime
Watch & IoT
Driver & Video Surveillance
Driver monitoring for safety and policy compliance. Dual cabin and cargo cameras with Machine Vision analytics
Benefits: Risk mitigation, dispute resolution, regulatory adherence
Khomba Hire
Digital Vehicle Rental
Online fleet rental booking and management with automated admin workflow - documentation, billing, payment
Benefits: Improved utilization, ancillary revenue source
Product | Khomba Move | Khomba Watch | Khomba Hire | ||
Tech | Telemetry | Surveillance | Booking | ||
Once off | Subscription | Once off | Subscription | Day rate | |
Commercial | $185 | $15 | $263 | $34 | $140 |
Industrial | $250 | $21 | $395 | $45 | $184 |
💸 Investment opportunity
Khomba is seeking $465k in equity financing and $100k in debt financing to fund operations and global expansion over a 5-year horizon. Based on a projected 68,000+ telemetry subscribers and 17,000+ rental vehicles by Year 5, Khomba forecasts reaching:
- $15M in revenue
- 50-60% profit margin ($9.3M in EBIT by year 5)
- Presence across 4 African countries and lay foundation to expand to UK and EU within 3 years
- Develop new technology capabilities
- Grow team to 19 after year 1
- Increase marketing and sales team
- Expand to 5 African geographies in 2 years
$8m pre-money valuation - valuation calcs
The debt financing will primarily be used to service the setup costs for the 3 mining and 5 telemetry clients on a 40/60 split, respectively
- Contracts duration: 60-72 months
- Contract value: $5m-$30m
- Debt covers establishment cost to setup vehicles, devices and platform
The debt load is projected to have an IRR of over 200% based on the high-margin recurring revenues from enterprise contracts. Debt need has been eased via JV with a supplier, where Khomba earns 25% of the monthly profit for the contract and the JV covers the monthly costs.
Next possible round: Q1 2026
📊 Financial overview
Khomba has 3 main revenue lines:
- SaaS: Telemetry (Khomba Move) & Surveillance (Khomba Watch)
- Hire: Supply of trucks at 10% commission
- Brokerage: 25% profit share on 5 year mining contracts (Khomba has established aJV with a supplier, where Khomba earns 25% of the monthly profit for the contract and the JV covers the monthly costs.)
Average ARR per vehicle type
Telemetry vehicle | $434 |
Surveillance vehicle | $802 |
Rented vehicle (25 days for 6 months) | $4868 |
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🌍 Market size
Key Growth drivers
Africa represents a major blue ocean opportunity for transportation technology players like Khomba - with areas like mining, construction and the associated supply chains driving multi-billion dollar TAMs
- Strong underlying GDP growth will expand transportation equipment demand
- Ongoing infrastructure investments by African governments and China
- Accelerating natural resource production
- Rising consumer spending and urbanization increasing demand
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🧲 Team
Khomba was founded by CEO Sizwe Cele, COO Meco Mugnaioni, and CFO Khanyisile Madonko-Nderezina. Their initial tech was built to problem-solve the bottle-necks in the South African public (transit) transportation in 2018. By 2020 the solution was for driver behaviour and inusrance. After a mining client requested a similar solution on its trucks, the team pivoted to build a platform to serve a need for South African mining and construction clients.
This leadership team combines deep technology and entrepreneurship expertise with transportation operations experience. Sizwe is an innovator who has built digital products and services across insurance, logistics, and more. Meco brings successful startup execution across mining, catering, and other sectors. Khanyisile contributes financial leadership having managed over $25 million in transactions.
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