Kenyan electric bus startup BasiGo has received a $3 million investment from CFAO Group, a major player in distribution in Africa. This capital injection will allow BasiGo to accelerate the production and delivery of its electric buses in Kenya and Rwanda, two key markets for its development.
Towards an Ecological Transition of Public Transport
This investment marks an important step in the transition to more sustainable mobility in East Africa. BasiGo’s electric buses, designed and assembled locally with original parts, offer an ecological and economic alternative to polluting diesel buses that currently dominate the public transport sector.
BasiGo: A Key Player in Electric Mobility in Africa
Founded in 2017, BasiGo has already established itself as a key player in the electric bus market in Africa. The startup has already deployed a fleet of over 100 electric buses in Kenya and Rwanda, and it has received orders from several cities in the region, including Nairobi, Kigali, and Dar es Salaam. CFAO’s investment will allow BasiGo to strengthen its production capacity, which will increase to 200 buses per year by 2025. The CFAO Group will also bring its expertise in logistics and maintenance, which will help ensure BasiGo’s long-term success.
An Investment Full of Hope for the Future
CFAO’s investment in BasiGo is an encouraging sign of the growing commitment of businesses and investors to a more sustainable future in Africa. BasiGo’s electric buses have the potential to transform the public transport sector in Africa and contribute to the fight against air pollution and climate change.
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