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Ride-hailing company Bolt has introduced electric motorcycles to its Kenyan fleet.
This initiative comes through partnerships with electric vehicle manufacturers Roam Electric and Ampersand, alongside financing company M-KOPA.
The program offers new and existing Bolt drivers access to discounted leasing options for the ROAM and Ampersand electric motorbikes.
This strategic move aims to empower drivers by reducing operational costs and aligning with global efforts to combat climate change.
“We’re thrilled to introduce electric bikes, furthering our commitment to supporting drivers and offering eco-friendly transportation in Kenya,” said Caroline Wanjihia, Bolt’s Regional Director of Ride-Hailing Operations for Africa and International Markets.
“By embracing electric vehicles, we’re not only minimizing our environmental footprint but also aiming to improve driver earnings and economic stability within the communities we serve.”
Bolt aims to have 1,000 electric motorcycles operational by year-end, with a target of over 5,000 within the next two years.
This rollout complements Kenya’s recently launched National E-mobility Policy, which promotes local EV production and assembly.
These electric motorcycles offer significant advantages for drivers. With zero tailpipe emissions and lower maintenance needs compared to traditional fuel-powered vehicles, they present a cost-effective alternative, maximizing driver earnings while minimizing expenses.
David Damberger, Managing Director of M-KOPA Mobility, emphasized the company’s commitment to making electric motorbikes accessible through affordable financing solutions, particularly for underbanked individuals.
“This collaboration is a major step forward,” said Damberger. “Since launching our Mobility division in 2022, we’ve made significant progress with ROAM and Ampersand.”
Bolt’s commitment to environmental responsibility extends beyond this new initiative. Since 2019, the company has invested in projects focused on renewable energy and resource conservation.
In 2021, they introduced the Bolt Green ride category, featuring hybrid and electric cars in Nairobi to offer eco-friendly transportation options and reduce their ecological footprint.
South African fintech startup LittleFish has successfully closed its seed investment round, with TLcom Capital leading the financing and Flourish Ventures participating as a co-investor.
Sahel Capital, an investment company with a focus on agriculture and food sectors in sub-Saharan Africa, has finalized a $1 million loan agreement with Camino Ruiz, a Kenyan company that specializes in fish processing and distribution.
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