Kenyan-based Electric buses startup BasiGo will unveil 15 more electric buses in Nairobi, coming at a time when the adoption of green transport is gaining traction in Kenya amid climate change problems.
The startup announced that the soon-to-be-unveiled buses will be serving different routes. “Kenya are we ready? 15 electric buses will be coming to our roads soon. Look out for these state-of-the-art electric buses on your route,” the firm said on its LinkedIn page.
Only last year, BasiGo raised Sh804.5 million ($6.6 million) from international investors to build more electric buses, charging points.
It was led by Mobility54, the corporate venture capital arm of Toyota Tsusho, Trucks VC, a transportation-focused venture capital fund in Silicon Valley, and Novastar Ventures, a global VC supporting entrepreneurs transforming markets in Africa.
Investment round participants also included Moxxie Ventures, My Climate Journey (MCJ), Susquehanna Foundation, Keiki Capital, and OnCapital.
The additional capital injection will enable the company to begin commercial delivery of locally manufactured electric buses and charging infrastructure through the company’s unique Pay-As-You-Drive financing model.
In March 2022, the electric mobility startup launched the first electric passenger bus in the country, revolutionizing the transport industry.