December 12

Kenyan E-Bus Startup BasiGo Secures $5 Million Debt Facility to Scale Local Production

By Tom Jackson

Kenyan electric bus solutions startup BasiGo has secured a US$5 million debt facility from British International Investment (BII), the UK’s development finance organisation, for delivery of 100 locally-produced electric buses.

BasiGo provides state-of-the-art 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 charging separately from the bus through a pay-as-you-go financing arrangement.

Photo courtesy of New York City Department of Transportation.

Source: Disrupt Africa (link opens in a new window)

Technology, Transportation
business development, development finance, electric vehicles, PAYGO finance, scale, startups