Kenyan e-bus startup BasiGo secures $5m debt facility to scale local production
- BasiGo has secured a US$5 million debt facility from BII for the delivery of 100 locally-produced electric buses.
- BasiGo provides state-of-the-art electric buses along with charging and maintenance services for bus operators.
- The funding will be used to scale local assembly of electric buses to meet the growing demand in Kenya.
The funding secured by BasiGo from BII is a significant boost for the startup's mission to revolutionize public transport in Kenya. With the growing demand for electric buses and the pay-as-you-drive financing model, BasiGo has the potential to make a substantial impact in reducing CO2 emissions and providing modern and affordable transport. The support from BII demonstrates the recognition of the transformative potential of electric buses in Kenya.
