The move is part of the company’s commitment to making its global platform emissions-free by 2040.

The new service, called Electric Boda, will initially consist of 3,000 bikes in Nairobi, with plans underway to expand the service to other cities.

The electric bikes are powered by lithium-ion batteries and have a range of up to 60 kilometers. They are also equipped with safety features such as headlights, taillights, and mirrors.

Uber drivers who use electric bikes will benefit from lower running costs and reduced emissions. The company estimates that the electric bikes will save drivers up to 30-35% on fuel costs.

The launch of Electric Boda is a major step forward for Uber in its efforts to make its platform more sustainable. The company has also committed to investing in electric vehicle charging infrastructure in Kenya.

The launch of Electric Boda is also seen as a boost to Kenya’s green economy.

“We are doing our part to aid the transition to eco-friendly mobility products and to support national sustainability objectives. The launch of Electric Boda will provide Kenyans with one of the most affordable ways to move from one place to another, with prices 15-20% below the price of our existing product,” Imran Manji, Uber’s head of East Africa, said during the launch.

The fund will focus on startups in a number of sectors, including fintech, agritech and edtech.

The fund will be managed by Black Ostrich Ventures’ team of experienced investors, who have a proven track record of investing in and supporting early-stage startups in Africa.

“If you look at the capital inflows into VC in Africa, the Big Four countries—Nigeria, South Africa, Egypt, and Kenya—attract all the capital. But most exits do not happen in these markets,” says Ajani Windsor-Areago, General Partner of Black Ostrich Ventures.

The Black Ostrich Ventures Africa Fund is part of a growing trend of venture capital investment in Africa.

In recent years, there has been a surge of interest in African startups from investors around the world.

The launch of the Black Ostrich Ventures Africa Fund is a positive sign for the African startup ecosystem.

The fund will provide much-needed capital to early-stage startups, and it will help to accelerate the growth of the ecosystem.