Make-IT in Africa believes in the catalytic power of African Innovations. In our quest to support scalable businesses across Africa, we are proud to announce that BasiGo, one of the startups we supported in our Smart Cities Innovation Program, has secured an investment of $42 million to expand operations in East Africa.
BasiGo
an electric mobility company based in East Africa secured this funding round to scale operations and advance the adoption of clean public transportation in the region. This achievement underscores the region’s growing commitment to sustainable mobility.
This substantial investment enables BasiGo to pursue its ambitious goal of deploying 1,000 electric buses over the next three years while expanding into new markets and vehicle types. The funds will also support advancements in its "Pay-As-You-Drive" financing model, allowing bus operators to access electric buses at reduced upfront costs. The company's assembly facility at Kenya Vehicle Manufacturers in Thika will ramp up production to meet growing demand.
The SCIP program implemented by Make-IT in Africa proudly supported BasiGo through a series of capacity building, mentorship and support to develop tailored business plan and go to market strategy and access to global connections facilitating their development of innovative solutions in clean transportation. The partnership reflects Make-IT's dedication to fostering startups that address pressing environmental challenges while driving economic growth in Africa.
BasiGo’s efforts resonate with the region's need for sustainable urban mobility, reducing reliance on diesel buses and cutting emissions. With over 800 bus reservations from operators in Kenya and Rwanda, the company is poised to revolutionize public transport through modern, emission-free vehicles equipped with cutting-edge digital tools for enhanced passenger experiences.
This success not only cements BasiGo’s leadership in e-mobility but also aligns with Make-IT's mission to empower innovative startups. The initiative serves as a catalyst for economic transformation, fostering scalable, impactful solutions in Africa's dynamic startup ecosystem.
Congratulations to BasiGO on achieving this remarkable milestone! Securing $42 million represents one of the largest investments in greentech in Africa, a testament to their visionary work in sustainable mobility. We celebrate this success and look forward to seeing BasiGO continue to drive innovation and transform the e-mobility sector across the continent. Wishing them even greater achievements ahead!
