NAIROBI, Kenya- BasiGo, the leading provider of electric bus solutions in sub-Saharan Africa, just got a major financial boost.
The company announced today that it successfully closed Sh5.4 Billion($42 million) in new capital—Sh3.09 Billion ($24 million) in Series A equity funding and Sh2.25 Billion ($17.5 million) in debt facilities.
The funding will accelerate BasiGo’s ambitious plans to scale electric bus deployment in Kenya and Rwanda, putting the company on track to lead the electric mobility revolution in East Africa.
Led by Africa50, a prominent pan-African infrastructure investor, the Series A round marks a major milestone.
It’s the largest investment from an African fund in an e-mobility company, signaling growing confidence in sustainable public transport solutions.
Other key players in the round include Novastar Ventures, CFAO Kenya, Mobility54, and Trucks VC, further validating BasiGo’s business model and its potential to reshape East Africa’s transport sector.
BasiGo’s CEO, Jit Bhattacharya, expressed excitement over the investment’s potential to push the company’s mission forward.
“Our vision has always been clear: to create the future of clean, electric public transport in Africa,” said Bhattacharya. “With this new funding, we’re poised to scale rapidly, delivering hundreds of electric buses across the region and expanding our operations in Rwanda.”
The capital will be directed toward producing 1,000 electric buses over the next three years. In Kenya, BasiGo plans to use the funds to ramp up manufacturing at its dedicated electric bus assembly line at Kenya Vehicle Manufacturers.
Additionally, the company will expand its innovative Pay-As-You-Drive model and enhance its technology platforms, such as the Jani system, which simplifies access to electric buses for operators and passengers alike.
The funding will also fuel BasiGo’s expansion into Rwanda, where the company recently launched six pilot electric buses in Kigali.
With over 300 reservations already in place from bus operators, BasiGo’s Sh0.97 Billion ($7.5 million) debt facility from British International Investment (BII) will support the commercial rollout of electric buses in Rwanda.
The company is focusing on inter-city routes, offering a clean, green alternative to traditional diesel-powered buses.
Steve Beck, Managing Partner at Novastar Ventures, highlighted the environmental impact of BasiGo’s innovation.
“As an early investor, we are proud of the team’s progress in transforming Africa’s public transport system,” said Beck.
BasiGo’s rapid growth comes at a critical time for Africa’s urban centers, which face rising pollution and congestion. This investment strengthens the company’s leadership in the electric vehicle landscape, with strategic backing from investors committed to green growth.
