Browsing: Electric buses in Kenya

Electric Bus Production in East Africa
  • 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 corporate venture capital arm of CFAO will go towards accelerating the scale-up of BasiGo’s manufacturing and delivery of electric buses in Kenya and Rwanda.

With operations in over 40 African countries, CFAO owns Africa’s leading automotive distribution network. The group is already active in the E-mobility industry …

www.theexchange.africa
  • 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 …