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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 (in $USD Millions) | 1M - <5M |
| Security / preferred instruments | Straight equity, Senior debt, Sub-ordinated debt, Mezzanine e.g. convertibles |
We are electrifying Kenya’s boda bodas (motorcycle taxis). We provide electric motorbikes on a lease-to-own model, powered by smart battery technology, delivered through a network of battery swapping stations. Batteries are swapped within 90 seconds comparable with refueling and riders can save $730 per year by switching to our electric motorbikes. We generate revenues from bike leasing, battery leasing, and battery swapping.