Kenya EV Bus Startup BasiGo Raises $3 Million From CFAO Group
- Kenyan startup BasiGo has raised a $3 million equity investment from CFAO Group to bolster its production expansion in Rwanda and Kenya.
- The corporate venture capital divisions of CFAO, Mobility54, and CFAO Kenya collectively made significant investments in BasiGo.
- BasiGo aims to manufacture 1,000 electric buses locally within the next three years.
The investment from CFAO Group is a significant boost for BasiGo and the electric vehicle industry in Africa. It shows the recognition of the immense potential of electric mobility to revolutionize African economies. The expansion plans and local manufacturing aim to make electric buses more accessible and contribute to a sustainable green energy value chain.
