BasiGo Raises $42 Million to Deliver 1,000 Electric Buses in East Africa in 3 Years
The Series A equity round unlocks a $10 million debt facility from DFC for BasiGo Kenya, as well as a new $7.5 million debt facility from BII specifically designed for scaling BasiGo’s E-bus deployment in Rwanda, including the launch of commercial deliveries of E-Buses, where BasiGo has already received over 300 reservations from bus operators after launching in the country in 2023.
Photo courtesy of New York City Department of Transportation.
Source: Techpoint Africa (link opens in a new window)
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