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Kenyan e-bus startup BasiGo secures $5m debt facility to scale local production

disrupt-africa.com/2023/1...

submitted over 1 year ago by rooftop

submitted over 1 year ago by rooftop

  • Kenyan startup BasiGo has received a $5 million debt facility from British International Investment to deliver 100 locally-made electric buses, offering a pay-as-you-go financing model for bus operators.
  • The funding will help scale the assembly of electric buses in Kenya, reducing CO2 emissions and transitioning public transport to cleaner, more affordable options.
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