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 European Investment Bank (EIB Global) has pledged a $75 million investment in Helios Fund V, a private equity fund managed by Helios Investment Partners.
The US International Development Finance Corporation (DFC) has unveiled a new $250 million financing package aimed at enhancing digital connectivity and e-mobility in Kenya.
Nairobi-based Purple Elephant Ventures (PEV), a startup studio focused on tourism, has secured an extra $500,000 to boost its seed funding round to $5 million.
© 2021 Empower Africa. All rights reserved.