Green Revolution Leader and the pioneer of electric vehicles and Artificial Intelligence in Africa, Agilitee will open a third Agilitee XPress Dealership in South Africa.
The giant opened two Agilitee XPress Dealerships in December 2022.
The first one was in Cape Town, which falls under the Western Cape Province and also Fourways Mall, which falls under the Gauteng Province.
Now, the electric vehicles leader is opening a third one in Oceans Mall Umhlanga, Durban, which falls under the KwaZulu-Natal Province.
The third dealership store will go live on Saturday of the 28th of January 2023 at the Award Winning Oceans Mall that was developed. The shop owned by the billionaire property Mogul Mr Vivian Reddy who also owns the new Radisson Blu Hotel in Umhlanga.
South Africa has 9 provinces and Agilitee plans to have opened the Agilitee XPress Dealerships in each Province by the 18th of March 2023 with a target of 100 Agilitee XPress Dealerships opened in South Africa by 20 December 2023.
Agilitee is a public company in South Africa, and it is currently busy with an IPO on the Johannesburg Stock Exchange. The giant is currently raising $2 billion by selling 10% of the company, and the company is currently valued at $20 billion.
The company was founded by Dr. Mandla Lamba is a village boy who currently owns 80% as he is busy donating 20% of his shares to the members of the Mandla Lamba Billionaires Club (MLBC).
His 80% stake after his donation is worth $18 billion, making him the second richest man in Africa. Agilitee started the rollout of its Agilitee XPress Dealerships in December 2022.
The giant also announced that celebrated actress Sthandwa Nzuza will be hosting the red carpet even this weekend.