BasiGo Raises $42M to Accelerate Public Transport Electrification Across Sub-Saharan Africa
- BasiGo raised $24 million in Series A equity funding.
- The funding round was led by Africa50 and included co-investments from multiple firms.
- BasiGo unlocked a $10 million loan facility from the U.S. Development Finance Corporation.
The substantial investment in BasiGo not only highlights the growing confidence in electric mobility solutions in Africa but also underscores the urgent need for sustainable public transport options. As BasiGo scales its operations, it could serve as a model for other regions looking to transition to greener transport solutions. The collaboration between various investors also reflects a collective commitment to addressing climate change through innovative technologies.
