Financial Institutions

Verdant IMAP Secures USD 25 Million in Debt and Equity Financing for Planet42

Verdant IMAP successfully arranged USD 20 million in debt financing and
USD 5 million in equity for Planet42 (formerly “CarGet”).

Planet42 operates an innovative car subscription platform, offering access to mobility for underbanked and underserved customers across South Africa and Mexico. The company’s mission is to address the challenge of mobility in emerging markets by providing an accessible and affordable alternative to traditional vehicle ownership. With more than 15,000 vehicles delivered to date, Planet42 has rapidly expanded its customer base and has become a key player in addressing the mobility gap.

As a trusted partner for both debt and equity investors, Verdant IMAP’s integrated approach to advisory services enables it to deliver tailored financial solutions that align with the strategic needs of clients like Planet42.

This transaction demonstrates Verdant Capital’s continued commitment to supporting high-impact, technology-driven businesses in emerging markets.

For more information, please visit Planet42 and Verdant Capital.