BasiGo Rwanda Secures USD 225 K Funding From Rwanda Green Fund

BasiGo Rwanda has been awarded a RWF 300 million (USD 225 K) recoverable grant from Ireme Invest, the Rwanda Green Fund ‘s green investment facility. The financing will be used by BasiGo to upgrade its charging infrastructure needed to support its rapidly growing fleet of electric public transport buses in Kigali. A charging station that supports at least 20 E-Buses in one night will be established.

BasiGo provides state-of-the-art electric buses along with charging and maintenance services for bus operators, making these vehicles affordable through a financing model that allows operators to pay for the battery and charge separately from the bus through a pay-as-you-go financing arrangement. The buses is delivered through BasiGo’s pay-as-you-drive financing model, which enables bus operators to acquire electric buses without incurring the high upfront cost.