15/02/2025
Going Bigger With AfrailX—Filing Form D
We have finalized our Private Placement Memorandum ( ) for and are in the process of filing with the U.S. Securities and Exchange Commission ( ) under Regulation D Rule 506(c). This will allow us to launch our Private Placement Offering (PPO) on different Alternative Private Exchanges including tZERO.com, aiming to raise over $500 million USD for the deployment of AfrailX. The initial phase of AfrailX is to connect , , , and in , serving as a model for expanding AfrailX across major cities in all 54 African countries.
What Exactly is AfrailX?
AfrailX is the of , a key initiative within the Ecosystem, focused on revolutionizing transportation infrastructure across Africa. Learn more by exploring the AfrailX Pitch Deck: https://africainvestmentdirectory.com/afrailx/
More about AfrailX
AfrailX is an ambitious transportation initiative aiming to revolutionize urban transit across Africa by implementing advanced, driverless mass transit systems. In partnership with UK-based Urban.MASS, AfrailX plans to deploy the Floc® Duo Rail™ system—a network of lightweight, automated, electrically powered pods operating on custom-designed elevated tracks. This innovative system is designed to safely transport over one billion commuters daily, significantly enhancing connectivity in rapidly urbanizing regions.
The Floc® Duo Rail™ system offers a scalable and budget-friendly solution, minimizing the need for extensive infrastructure modifications such as earthworks, tunnels, and large stations. This approach not only reduces implementation costs but also promotes environmental sustainability by aiming to cut carbon emissions by 50% compared to traditional mass transit alternatives.
AfrailX is a subsidiary of Abba Platforms Inc., a company known for its diverse portfolio, including the —Africa's leading peer-to-peer mobile payment platform. This integration allows AfrailX to offer a seamless ticketing experience through the Abba App, enhancing convenience for commuters.
The initiative is set to commence in Northern Namibia and , Angola, with pre-feasibility work that began in 2024. The projected investment for this project exceeds $10 billion USD over five years, underscoring a significant commitment to transforming Africa's urban mobility landscape.
By addressing infrastructure deficits and promoting sustainable development, AfrailX aspires to position Africa at the forefront of transportation innovation, embodying a vision reminiscent of the technologically advanced and self-sufficient nation of Wakanda from popular culture.
