Browsing: BasiGo

• Electric bus company, BasiGo has secured $3 million (Sh396 million) worth of equity funding from CFAO Group to scale up electric bus production in East Africa.
• The investment, split between CFAO Kenya and Mobility54, will help accelerate the scale-up of BasiGo’s manufacturing and delivery of electric buses in Kenya and Rwanda.
• CFAO Group is building e-mobility ecosystem in East Africa by investing in green mobility startups through Mobility54.

Electric bus company, BasiGo has secured $3 million (Sh396 million) worth of equity funding from CFAO Group to scale up electric bus production in East Africa. The investment, split between CFAO Kenya and Mobility54, the …

• BasiGo has received a $4.3 million Seed funding round, led by Novastar Ventures, to commercialise its electric bus business model and launch a local assembly of electric buses in Kenya
• The company also revealed that it had brought two 25-seat electric buses to Kenya which are currently undergoing performance and reliability testing in Nairobi
• The company entered the Kenyan market in November 2021, to provide electric buses for purchase by public transport providers
• BasiGo’s aim is to offer Kenyans a more environmentally sustainable solution that is also cheaper to maintain than current diesel buses

BasiGo has received a $4.3 million Seed funding round, led by Novastar Ventures, to commercialise its electric bus business model and launch a local assembly of electric buses in Kenya.

The Kenyan-headquartered company also received funding from several Silicon Valley investors, including Moxxie Ventures, Nimble Partners, Spring Ventures, Climate Capital, and Third Derivative.

The company’s CEO …