Michu E-Mid-Bus Transport and Trade PLC

Michu E-Mid-Bus Transport and Trade PLC

Entrepreneurs

Dessisa Bantie

Dessisa Bantie

Founder

A highly experienced development professional with over 29 years of leadership, management, and training experience across government institutions, NGOs, and the private sector. Currently serving as the Founder and Chief Manager of Michu E-Mid-Bus Transport and Trade PLC, with a strong track record in organizational leadership, public service, and socio-economic development initiatives.

Fedhi D. Kabeta

Fedhi D. Kabeta

Founder

My name is Fedi D.Kabeta, and I am a Civil Engineering graduate with a solid academic background in construction principles, structural analysis. I have developed strong analytical, problem-solving, and technical skills through my engineering education, enabling me to approach tasks in an organized and detail-oriented manner.

Aman Wabe

Aman Wabe

Founder

Aman Wabe holds an MBA in Business Administration with a specializat ion in Non-Profit Corporate Management and a BSc in Agricultural Economics. Wit h over 34 years of experience in both governmental and non-governmental organizations, Aman has held various leadership roles,including Department Head and Executive Director. His expertise encompasses program management, training provision, and developing project proposals to secure funding and resources for organizat ions.
Dr. Abdisa D. Kabeta

Dr. Abdisa D. Kabeta

Medical Director

Having three years of medical director experience at Fra’ol general private hospital in Shashamanne city, and three years in Dodola city public government general hospital serving as physician, I am a young, flexible enthusiastic, and principle-driven professional undertaking professional services to the people.

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Idea

Michu E-Mid-Bus Transport and Trade PLC is a green mobility startup established to transform Ethiopia’s mass public transportation system by introducing electric mid-bus services. Founded to address severe public transport shortages and rising operational costs driven by fuel price volatility, the company’s core idea is to provide affordable, reliable, and environmentally sustainable transport services for urban and intercity passengers. By leveraging electric vehicle technology, Michu aims to build a modern, customer-focused transport network that supports economic activity while reducing carbon emissions.

Challenge

Michu E-Mid-Bus Transport and Trade PLC is addressing critical challenges in Ethiopia’s transport sector, including chronic bus shortages, unreliable and escalating fares, dependence on imported fossil fuels, and limited access to safe transportation particularly for rural communities, students, women, and emergency patients. Existing diesel-based transport systems suffer from high maintenance costs, pollution, and fragmented service quality. By introducing electric buses, the company tackles fuel cost instability, reduces greenhouse gas emissions, improves accessibility, and offers a scalable alternative to inefficient and unsafe transport practices currently affecting millions of Ethiopians.

Solution

Michu E-Mid-Bus Transport and Trade PLC is solving Ethiopia’s transport inefficiencies through the deployment of electric mid-buses supported by dedicated charging infrastructure. The company plans to initially operate 40 electric buses on high-demand routes such as Addis Ababa–Adama and gradually expand to additional corridors nationwide. Its solution combines lower operating costs, stable and fair passenger pricing, improved safety standards, trained personnel, and value-added services such as charter, school, and employee transportation. This integrated electric mobility model aligns with Ethiopia’s Climate-Resilient Green Economy strategy and the national Transport Master Plan 2050.


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Michu E-Mid-Bus Transport and Trade PLC's News (1)

New Ethiopian e-bus operator Michu E-mid-bus joins EquityPilot to scale green transit
27 Jan 2026

New Ethiopian e-bus operator Michu E-mid-bus joins EquityPilot to scale green transit

Addis Ababa, Ethiopia & Dubai, UAE — Jan 27, 2026

Ethiopia’s public transport system faces chronic shortages, high operating costs from fossil fuels, and limited organized electric vehicle offerings. Michu E-mid-bus Transport & Trade plc, founded in 2024 and legally registered in March 2025, proposes an electric mid-bus model to improve affordability, reduce carbon emissions, and expand reliable intercity and regional routes. FasterCapital is onboarding the company through EquityPilot to support execution and investor readiness.

What the Startup Delivers?

Michu E-Mid-Bus Transport and Trade PLC will deploy an initial fleet of 40 electric mid-buses and supporting charging infrastructure across priority corridors such as Addis Ababa Adama and Adama Asella, with plans to expand routes and fleets in years two and three. Services include scheduled fixed-route passenger transport, charter and event shuttles, contracted school and employee transport, and charging services. The company also plans downstream activities: spare parts importation, driver training, charger installation, and future local assembly.

Why Now?

Rising fuel prices and maintenance costs for diesel fleets are increasing passenger fares and destabilizing service reliability. At the same time, Ethiopia’s climate and transport strategies promote electrification and innovation. Michu E-mid-bus targets this convergence lower operating costs through electric drivetrains, improved passenger amenities, and alignment with national green transport objectives.

Program Plan (first 30–60 days)

Under EquityPilot, FasterCapital will work with Michu E-mid-bus to: - Finalize milestone-driven execution plans for fleet procurement, charger installation, and first-route launch; - Strengthen financial models and investor materials tied to the company’s stated funding need of $2,870,530; - Introduce technical and strategic partners in charging and fleet operations; and - Prepare regulatory and route-permit documentation required by local transport authorities.

Proof Points and Traction

Michu E-mid-bus already completed a feasibility roadmap, defined initial routes, and estimated an initial staff complement of roughly 65 employees for depot, operations, and maintenance. The company projects reduced operating cost profiles compared to diesel equivalents and emphasizes passenger safety, on-time performance, and upgraded onboard amenities.

Leadership Comment

Hesham Zreik, Founder and CEO of FasterCapital, said: ‘We’re excited to support Michu E-mid-bus Transport & Trade plc through EquityPilot. Our team will focus on execution milestones and connecting the startup with the right ecosystem stakeholders.’

Michu E-mid-bus is led by a management team with experience across operations, engineering, and logistics including Dessisa K. Bante (General Manager), Engineer Fedhi D. Kabeta (Operations Manager), and Engineer Tibebu Koji (Marketing & Logistics Manager). The team’s experience spans transport operations, technical systems, and local market engagement.

Ecosystem relevance

The company’s plan dovetails with Ethiopia’s Master Plan 2050 priorities for transport electrification and innovation. EquityPilot support will emphasize regulatory readiness and partnerships with local authorities and energy providers to enable depot and opportunity charging.

Next 90 Days

Key milestones: finalize procurement contracts for the first tranche of buses and chargers, secure route permits, complete pilot depot installation, and begin staff hiring and training.

About Michu E-mid-bus Transport & Trade plc

Established 2024 and registered in March 2025, Michu E-mid-bus Transport & Trade plc offers electric mid-bus passenger services, charger deployment, driver training, and related import and assembly activities. The company seeks $2,870,530 to fund initial fleet and infrastructure investments and to scale operations across major Ethiopian corridors.

About FasterCapital

FasterCapital is a global venture builder and online incubator dedicated to co-funding and co-founding innovative startups. Established in 2014, we are now #1 venture builder in terms of number of startups that we have helped, money invested and money raised. It supports startups worldwide through various programs, including funding assistance, business development, and technical support. The EquityPilot program is designed to help early-stage startups build scalable solutions with mentorship, strategic guidance, and network support.

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