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Electric two-wheelers in Rwanda

Country Rwanda
Sector Clean technology
Technology Area Clean transport
Stage Scaleup enterprise
Total fund ask 10M+
Security / preferred instruments Straight equity, Senior debt
The company sells “battery swaps” which can take place in a multitude of swapping stations already located across Kigali. Electricity is purchased from the grid (later from solar) to charge the batteries and sold at a multiple of that cost. Moto drivers enjoy up to 50% less cost with electric bikes than with their current petrol bikes. In addition, the company also sells new electric bikes and can also retrofit petrol bikes into electric ones at a very affordable cost. The Company is has 280 motorbikes in operation since 2020.