Startups

E-mobility startup BasiGo launches in Kenya with $900k funding

basigo

BasiGo, an electric vehicle technology and financing company working to bring electric bus services to Sub-Saharan Africa, has launched operations in Nairobi after securing Sh100 million (US$900,000) in funding earlier this year.

BasiGo provides electric buses along with charging and maintenance services for bus operators, making these vehicles affordable through a financing model that allows operators to pay for the battery and charge separately from the bus through a pay-as-you-go financing arrangement.

The company’s first electric buses will be arriving in Kenya later this year, at which point the company will begin pilot testing with Nairobi-based bus operators. The company is sourcing buses from BYD Automotive, the largest manufacturer of electric buses globally, and plans to locally assemble them in Kenya.

“For years, diesel-powered buses have been the only viable solution for bus operators in Kenya. We are excited to provide public transport operators with a new option: state-of-the-art electric buses that are more affordable, more reliable, and reduce bus operator exposure to the rising cost of diesel fuel,” said Jit Bhattacharya, chief executive officer (CEO) and co-founder at BasiGo.

“The cost of electric bus technology has come down dramatically over the last 10 years, to the point where electric buses can offer significant savings compared to fossil-fuel buses. Our goal is to help bus owners in Kenya realize these savings, and in the process, help Kenya become a global leader in sustainable public transport.

BasiGo is looking to eventually launch its services in other East African countries. The startup will offer buses with 25 and 36 seat capacities and a targeted range of over 250 kilometers, allowing transport providers to complete a full day’s operations before returning to a BasiGo charging depot at night for recharging and maintenance.

AlSO READ:  Future Africa Invested $4.3 Million into 43 Companies in 2021

Follow Techspace Africa on Facebook and Twitter. For the latest news, tech news, breaking news headlines, reviews and live updates check out tech-space.africa


Nigel Jr.
As a tech enthusiast and expert, Nigel Jr. is dedicated to providing in-depth and insightful content on all things technology. With a background in online journalism, product reviewing, and tech creation, Nigel has become a trusted source for all things tech.

You may also like