Press release
Atlantic Fast Ferry and FasterCapital Partner to Launch Fast Ferries for West Africa
Market opportunity & problem
West Africa's coastal transport market faces chronic inefficiencies:
- 20-36 hour road journeys for Lagos-Ghana (290 miles/467 km),
- frequent checkpoints,
- security incidents,
- stalled cargo shipments and
- high airfreight costs.
Regional trade and passenger flows spanning traders, students, tourists and officials represent a multi-hundred-million-dollar serviceable market with limited maritime alternatives. The white space is clear: reliable, scheduled fast-ferry services that cut transit to 8-9 hours and provide secure capacity for passengers and RORO cargo.
Startup solution & differentiation
Atlantic Fast Ferry, founded by veteran shipbroker Yinka Olaipe (MICS) and led by a multidisciplinary maritime team, will operate day-time high-speed passenger/cargo ferries offering first/economy/tourist classes, RORO cargo decks and value-added services (F&B, WiโFi, entertainment). Fleet proposals include MV Pilot Glory (301 pax + 113 tons) and sister vessels priced for rapid deployment. The service prioritizes safety, schedule adherence and an affordable fare structure (one-way fares from $120). Early pilot programs (BoatCruise Nigeria) and Bukyson Maritime Services' multi-decade maritime experience provide operational credibility and customer proof points.
FasterCapital partnership value
Selected for FasterCapital's Equitypilot cohort, Atlantic Fast Ferry receives program capital, strategic product-market fit guidance, legal and regulatory support, and investor introductions via FasterCapital's global network (www.fastercapital.com). FasterCapital's selective criteria and track record validate commercial viability and shorten the startup's time-to-market. The partnership targets vessel commissioning and inaugural Lagos-Tema voyages within 12-18 months, combined with fundraising support for fleet acquisition and regional permits.
Executive quotes
Hesham Zreik (https://hzreik.com): "We invest in scalable infrastructure solutions that unlock regional trade corridors. Atlantic Fast Ferry addresses a clear transport gap with an experienced team and an economically compelling model a fit for FasterCapital's Equitypilot acceleration and capital deployment thesis."
Yinka Olaipe, Founder & CEO of Atlantic Fast Ferry: "This partnership pairs our maritime heritage and operational plans with FasterCapital's capital and acceleration platform. Together we will offer safe, timely and affordable coastal transport for traders and travelers across West Africa and rapidly scale scheduled ferry services."
Growth trajectory & future plans
Near-term priorities include finalizing vessel acquisition, securing port slots and regulatory approvals in Nigeria and Ghana, and launching marketing to cross-border traders and tourism partners. Atlantic Fast Ferry projects phased fleet growth over 36 months with ROI targets per vessel and expansion to Abidjan and other West African ports. Capital raise support and Equitypilot mentorship aim to meet initial funding needs and achieve scheduled commercial operations within the program timeline.
FasterCapital
Grandstand, 0612, 6th floor, Meydan Freezone,
Meydan Road,
Nad Al Sheba,
Dubai
Rasha Almasri
rasha.almasri@fastercapital.com
+1 (512) 400-0256
About Atlantic Fast Ferry Limited
Atlantic Fast Ferry Limited (CR No7568090 Nig.) is a Lagos-based maritime startup spun out of Bukyson Maritime Services. Founded by shipbroker Yinka Olaipe, the company develops and operates fast passenger and RORO ferries to provide secure, scheduled coastal transport across West Africa, prioritizing safety, comfort and trade facilitation.
About FasterCapital
FasterCapital is a global venture builder and online incubator dedicated to co-funding and co-founding innovative startups. Established in 2014, it is now the #1 venture builder in terms of number of startups that it has helped, money invested and money raised. FasterCapital supports startups worldwide through various programs, including funding assistance, business development, and technical support. The LaunchUp program is designed to help early-stage startups build scalable solutions with mentorship, strategic guidance, and network support.
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