The funding will help GOGO Electric increase the production of its electric motorcycles and boost its operations across the country.

Uganda’s electric vehicle market has grown rapidly in recent years, supported by innovative startups and a surge in investor attention.

GOGO Electric is at the forefront, providing affordable electric motorbikes designed for the country’s large network of motorcycle taxi operators, commonly known as boda-boda riders.

These riders are a key part of the nation’s public transport system. Innovations such as battery-swapping services, digital access platforms, and ride-to-own financing are helping position Uganda as a leading hub for electric mobility in Africa.

Jakob Hornbach, CEO of GOGO Electric, shared the impact of their services:

“Our customers save over 6,000 litres of fuel daily, which translates to more than $10,000 saved in fuel imports for the country. At the same time, they consume over 10 megawatt-hours of renewable electricity each day. With the backing from Africa Go Green and Cygnum Capital, we can now expand production and make more electric motorcycles available. This will also help us grow our battery swapping infrastructure, support local jobs, and reduce emissions.”

Laurene Aigrain, Executive Director of the Africa Go Green Fund, emphasized the broader significance of the deal.

“We are glad to back GOGO Electric in pushing for greener transport in Uganda. Tailoring e-mobility to local needs creates both environmental improvements and economic opportunities. This funding marks an important step toward building a cleaner and more sustainable transport system in East Africa.”