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BasiGo Secures $5 Million Loan to Boost Electric Bus Assembly in Kenya 🇰🇪

BasiGo Secures $5 Million Loan to Boost Electric Bus Assembly in Kenya 🇰🇪

#transportation
#climate and sustainability
#investments
#mobility
Kenya's BasiGo, an electric bus company, accelerates its green mission with a $5 million debt funding from the British International Investment. The loan aims to propel the assembly of 100 electric buses, contributing to Kenya's sustainable public transport vision.

BasiGo, an electric bus firm operating in Kenya and Rwanda, secures $5 million in debt funding from the British International Investment. The funds will fuel the expansion of electric bus assembly in Kenya, supporting the company's goal to deploy 100 buses in the country. With 19 electric buses already on Nairobi streets, BasiGo offers a pay-as-you-drive model, emphasizing the transformative potential of electrifying public transport in Kenya. The loan follows BasiGo's successful fundraising of nearly $11 million in 2022 and a $1.5 million grant from USAID for its Rwandan pilot initiative in November 2023.


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