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. The buses will be delivered through BasiGo’s pay-as-you-drive financing model, which enables bus operators to acquire electric buses without incurring the high upfront cost. Consequently, BII’s financing support will be crucial in transitioning Kenya’s public transport from diesel-powered vehicles to modern electric buses. Each BasiGo electric bus deployed in Nairobi in place of a diesel bus mitigates over 50 tonnes of CO2 emissions per year. “Because electric buses in Kenya are powered by the country’s abundance of renewable energy, electrification of public transport in Kenya holds transformative potential.

Source: The North Africa Journal December 07, 2023 06:18 UTC