The company received approximately USD $225,000 recoverable grant from Ireme Invest, the green investment arm of Rwanda’s Green Fund.

This funding will allow BasiGo to establish a charging station capable of servicing at least 20 electric buses overnight, further solidifying Kigali’s transition to a more sustainable public transport system.

“This grant is a critical investment in the future of electric mobility in Rwanda,” said Doreen Orishaba, BasiGo Rwanda Managing Director.

“BasiGo’s electric buses have proven themselves to be a reliable and eco-friendly solution for public transportation, and this funding will allow us to expand our reach and serve even more passengers.”

The grant follows a series of successful developments for BasiGo in Rwanda.

Last year, the company entered the Rwandan market with a commitment to deliver 200 electric buses through its innovative Pay-As-You-Drive financing model.

This model allows transport operators to acquire electric buses without a large upfront investment, significantly reducing the barrier to entry for clean transportation solutions.

Furthermore, BasiGo Rwanda secured $1.5 million from the United States Agency for International Development (USAID) to bolster its operations in the country.

Additionally, in March 2024, CFAO Group invested $3 million to support BasiGo’s expansion of electric bus production in Kenya and Rwanda.

Since its launch, BasiGo’s electric buses in Kigali have served over 300,000 passengers, generating more than RWF 147 million in fare revenue for operators.