Crowdfacture, The Nigerian Startup That Is Likely To Become The Tesla Of Africa
Crowdfacture Might Become The Tesla Of Nigeria In The Future
Yes, Tesla (TSLA) is currently one of the top manufacturing companies in the world right now, yet it is so young compared to other manufacturing brands.
Here is why,
Tesla has managed to use modern technology to scale up and become one of the top companies in the world with over $700 Billion in valuation, making it the highest automobile manufacturer in the world and seconded by Toyota.
Some people call Tesla an overhyped company, but let’s appreciate the fact that Tesla’s competitive advantage comes as a result of its dedicated emphasis on research and development (R&D). In fact, many of its rivals have admitted that Tesla’s electronics far surpass their own — a teardown revealed that its batteries and AI chips are roughly six years ahead of other industry giants such as Toyota and Volkswagen.
On this end, Crowdfacture is an African focused community-driven manufacturing and distribution company with a focus on food production and processing (even though it is poised to go into other sectors).
While Crowdfacture never made any claims about wanting to become the largest manufacturer in Africa, Let’s also appreciate the fact that this is a company that is first to design and build on this kind of business model around manufacturing where it gives anyone the opportunity to become a co-owner of a manufacturing and processing line for life.
Just like Tesla, Crowdfacture is also leveraging on a dedicated research and development (R&D) to launch its production lines across several sectors that is considered very vital and crucial to the economic growth of Nigeria.
The company is also promising to back 3rd party manufacturers to foster the growth of other promising manufacturing companies by dedicated founders/manufacturers.
If all things being equal and core goals delivered, Crowdfacture stands a chance to become a fortune 500 company on or before 2030 with a complex production and distribution chain across the shores of Africa.
I personally believe this will be a highly valuable tech company in Nigeria just like what Flutterwave, Paystack, and the rest have done in the fintech space.
It is time to produce and manufacture locally and cut down on the high import rate.
Join Crowdfacture and become a co-owner of a manufacturing line for life. Enjoy 30% dividend on your investment.