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Basigo Secures $4.3 Million In Seed Funding To Accelerate Mass Transit Ev Adoption In Kenya

Feb 09, 2022•over 3 years ago

Amount Raised

$4.3 Million

Round Type

seed

Nairobi

Description

Kenya-based EV startup BasiGo has closed $4.3 million in seed funding, three months after setting up operations in East Africa’s biggest economy, to provide clean-energy mass transit vehicles in a country that is heavily-reliant on fossil-fuel buses.

Company Information

Company

Basi Go

Location

Nairobi, Nairobi County, Kenya

About

The startup plans to sell locally assembled electric buses using parts from China’s EV maker BYD Automotive, the company said while announcing it had raised $1 million in pre-seed funding. The company is planning to enter other markets within the East Africa region after establishing ground in Kenya. NopeaRide recently received funding from EEP Africa, a financing facility for early-stage clean energy in Southern and East Africa, to build more solar charging hubs in Nairobi, making it possible for the company to increase its service radius. BasiGo says that they will begin the pilot program after the arrival of the first bus later in the year.