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Electric lease-to-own motorcycles (boda-bodas) in Kenya

Country Kenya
Sector Electric mobility
Technology Area Clean transport
Stage Startup enterprise
Total fund ask 1M - <5M
Security / preferred instruments Straight equity, Senior debt, Sub-ordinated debt, Mezzanine e.g. convertibles
The company is electrifying Kenya’s bodabodas (motorcycle taxis) by providing electric motorbikes on a lease-to-own model, powered by smart battery technology, delivered through a network of battery swapping stations. Bodaboda riders who switch to the company’s EV bike will take home 40% more income than they do with a petrol bike. CO2 generated per 50,000 km with the electric bikes is currently 1.04 MT vs 5.2 MT for a petrol bike and will further decrease to 0.