This is the first time that USAID has awarded a grant specifically to support electric bus development in East Africa, and it is a sign of the growing recognition of the potential of electric vehicles to help the region reduce its reliance on fossil fuels and improve air quality.
BasiGo plans to deliver 200 electric buses to Rwanda before the end of 2024 as part of a commercial partnership with the Rwandan company AC Group.
The fleet will be operated mainly by public transport operators Kigali Bus Service, Royal Express, and Volcano. BasiGo will also provide them with all recharging and maintenance services.
The grant from USAID will be used to support the pilot testing of the electric buses in Kigali and help BasiGo refine its business model and develop financing solutions for bus operators.
The expansion of BasiGo’s operations to Rwanda is a significant step towards the electrification of public transport in East Africa.
It is also a testament to the company’s commitment to making electric buses affordable and accessible to transport operators in the region.
The success of the startup’s electric bus operations in Rwanda could pave the way for the wider deployment of electric buses in other East African countries.
This is expected to have a significant positive impact on the region’s environment and public health.
South Africa’s E4E Africa, a venture capital firm powered by entrepreneurs, has secured $30 million for the first close of its E4E Africa Fund II.
MDaaS Global, a Nigerian health-tech startup, has secured $3 million in pre-Series A funding to expand its network of diagnostic clinics and scale its proprietary technology platform, BeaconOS.
Inspired Evolution, a private equity firm that invests in clean energy across Africa, has officially closed its Evolution III Fund with a total commitment of $238 million.
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