BasiGo has received a $5 million (Sh766.7 million) debt facility from a UK investor to ramp up local assembling of electric buses, in what is expected to cement its position as a leader in the clean mobility shift in public transport.
Jonathan Green, co-founder and chief financial officer of BasiGo revealed the capital injection from British International Investment (BII), UK’s development finance institution and impact investor.
BasiGo, which has deployed 19 electric buses across various routes in Nairobi, aims to grow the fleet to 1,000 buses across Kenya, Uganda and Tanzania in the next three years.
Source: Business Daily
