By: Nana
Appiah Acquaye
BasiGo and NCBA Group have
partnered to finance 1,000 electric vehicles for Kenya’s public service vehicle
(PSV) market, in a move aimed at accelerating the adoption of clean public
transport across the country.
Through the partnership,
BasiGo and NCBA Group will support the scaling of electric van financing for
public transport operators, expanding access to more affordable options for
operators seeking to transition from conventional vehicles to electric mobility.
The partnership will also
support the expansion of BasiGo’s all-inclusive Pay-As-You-Drive model, making
it easier and more affordable for PSV operators to switch to electric vehicles.
Operators will additionally
have access to lower-cost asset financing options to directly purchase BasiGo
electric vans for their fleets.
The collaboration builds on
NCBA’s growing commitment to becoming a leader in financing e-mobility in
Kenya. Through its KES 2 billion e-mobility financing facility, the bank has
invested more than KES 0.8 billion to date in electric vehicle assets in Kenya.
By combining BasiGo’s
technology, infrastructure and business model with NCBA’s experience and
leadership in asset finance, the partnership is expected to unlock the next
level of scale for clean electric public transport in Kenya.
The financing arrangement is
set to support the continued growth of electric mobility in the country while
providing PSV operators with greater access to financing solutions as Kenya
advances its transition toward cleaner and more sustainable transportation.
