BasiGo gets $5m for electric buses assembly

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An electric bus belonging to BasiGo parked next to a charging station in Nairobi, Kenya on August 10, 2023. PHOTO | POOL

BasiGo has received a $5 million (Ksh766.7 million) debt facility from a UK investor to ramp up local assembling of electric buses, in what is expected to cement its position as a leader in the clean mobility shift in public transport.

Jonathan Green, co-founder and chief financial officer of BasiGo revealed the capital injection from British International Investment (BII), UK’s development finance institution and impact investor.