MOBILITY
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Roam and 4G Capital Partner to Finance Electric Boda Bodas in Kenya
Roam, Kenya’s electric mobility company, has partnered with digital credit provider 4G Capital to offer electric motorcycles financing to boda boda riders in the country. Through 4G Capital’s Jiinue Growth Program (2022–2027), in partnership with the Mastercard Foundation, the initiative aims to empower young people, both men and women, with a strong focus on those in the boda boda industry.…
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BasiGo to Deploy 28 New Electric Buses in Rwanda
BasiGo, the Kenyan electric vehicle manufacturer, has announced a significant expansion of its operations in Rwanda, with 28 new electric buses set for delivery. The first batch of buses is already on the way and will arrive in Kigali next month. As a result, the expanded fleet will soon serve both city and inter-city routes. Additionally, BasiGo plans to deploy…
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Inside Kenya Power’s Commitment to Electric Mobility
Kenya Power has recently been stepping up efforts to increase the uptake of electric vehicles and motorbikes in the country (eMobility). In line with its commitment to sustainable energy and green mobility solutions, the company announced in April last year an investment of up to KShs. 258 million over a three-year period to support the uptake of electric mobility in…
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Del Monte Kenya Embraces E-Buses in Eco-Friendly Shift
In a bid to stay ahead of the sustainability agenda, Del Monte Kenya has announced the transition of its employee transportation services to a fully electric bus fleet. Commenting on this development, MD Wayne Cook said the strategic move to adopt environment-friendly options of travel aims to align with the company’s wider environmental goals. He added that the initiative prioritises…
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Techstars and WirelessCar Launch Mobility Innovation Program
Pre-seed investor Techstars, and WirelessCar, the provider of connected vehicle services, are collaborating to launch the Techstars & WirelessCar Connected Mobility Innovation Program. The program according to a statement from the two partners seeks to empower future mobility with cutting-edge software solutions. The program represents a shared commitment to shaping the future of transportation, combining WirelessCar’s twenty-five years of expertise…
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Sofia-based startup AMPECO secures $26m Series B to accelerate global EV charging networks
AMPECO, a Sofia-based EV charging management platform provider, has raised $26 million in Series B funding. The round was led by Revaia, with participation from existing investors Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures. This investment will enable AMPECO to accelerate its product development and expand its presence in key markets, solidifying its position as a global leader in EV charging…
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Senegal’s eMobility Startup Solarbox Africa Secures $1m Pre-Seed Funding
Senegal’s eMobility solutions provider and energy startup Solarbox Africa on Thursday announced the closing of its $1m Pre-Seed round. The funding was led by early-stage investors Digital Energy Facility (a collaborative initiative led by Agence Française de Développement, IetP and Gaia Impact Fund), Launch Africa, JLL Foundation as well as Teranga Capital. The company said in a statement that the…
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BasiGo secures $42 million to scale electric bus supply in East Africa
BasiGo, the Kenyan electric vehicle manufacturer has closed US$42 million in new funding led by Africa50, the pan-African infrastructure investor and asset manager The funding round consists of US$24 million in Series A equity funding along with US$17.5 million in debt facilities from British International Investment (BII) and the U.S. Development Finance Corporation (DFC). The equity round features co-investments from…
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Spiro expands electric mobility in Nigeria
Spiro, Africa’s largest electric vehicle (EV) player, has announced the official launch of its operations in Ogun State, Nigeria. The landmark expansion marks a pivotal moment in the electric mobility landscape of Nigeria’s largest economy. With more than 18,000 electric motorbikes already deployed across sub Saharan Africa, Spiro’s strategic expansion into Nigeria will see its presence in up to eight…
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Watu to finance 10,000 electric bikes in 2024 in push for E-mobility
Asset financing company, Watu has revealed plans to finance 10,000 electric bikes in 2024 in Kenya as it pushes for e-mobility adoption in Kenya. The pans are included in the company’s inaugural sustainability report released last week which highlights its progress in financing mobility and connectivity assets and the environmental impact of its operations. Watu says the report is the first…
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