BasiGo, an electric mobility startup based in Kenya, has secured a significant $3 million equity funding from French multinational CFAO Group. This investment will propel BasiGo’s plans to increase production of locally-assembled electric buses in Kenya and Rwanda. The funding, led by CFAO Kenya and Mobility54, will hasten the delivery of BasiGo’s electric buses, with existing reservations for 600 units from transport operators in Nairobi and Kigali.
Over the next three years, BasiGo aims to deliver 1,000 electric buses from its Kenyan assembly plant, creating 300 long-term manufacturing jobs. BasiGo’s innovative financing model, allowing operators to acquire electric buses at diesel bus price points with a usage-based subscription service, aligns with CFAO Group’s commitment to green energy solutions. The startup’s expansion to Rwanda, in partnership with AC Mobility, signals a broader effort to promote sustainable public transportation across Africa amidst rising concerns over air pollution and climate change impacts.
