What is BasiGo?
Headquartered in Nairobi, BasiGo is fundamentally reshaping the urban transit landscape by providing a comprehensive ecosystem for electric public transport. By uniting expertise in energy, vehicle engineering, and financial services, the company addresses the critical need for affordable, sustainable mobility in rapidly growing African cities. BasiGo operates at the intersection of climate tech and infrastructure, leveraging strong ESG principles to ensure that its transition to electric buses is not only environmentally beneficial but also economically inclusive. The firm's market position is bolstered by its ability to navigate complex regulatory environments while delivering tangible improvements to public transit efficiency and urban air quality.
How much funding has BasiGo raised?
BasiGo has raised a total of $60.9M across 7 funding rounds:
Angel/Seed
$4.3M
Other Financing Round
$6.6M
Debt
$5M
Multiple Rounds
$44M
Debt
$1M
Angel/Seed (2022): $4.3M with participation from Climate Capital, Third Derivative, Novastar Ventures, Nimble Partners, Spring Ventures, and Moxxie Ventures Management
Other Financing Round (2022): $6.6M led by Moxxie Ventures Management, Mobility 54 Investment SAS, and V-C Trucking
Debt (2023): $5M supported by British International Investment
Other Financing Round (2024): $3M featuring CFAO
Series A (2024): $24M backed by Africa50
Debt (2024): $17M with participation from British International Investment and U.S. International Development Finance Corporation
Debt (2025): $1M, investors not publicly disclosed
Key Investors in BasiGo
British International Investment
British International Investment is the development finance institution of the UK government, focused on fostering sustainable economic growth in developing markets.
Africa50
Africa50 is a pan-African infrastructure investor and asset manager dedicated to bridging the continent's infrastructure funding gap through strategic project development.
U.S. International Development Finance Corporation
The U.S. International Development Finance Corporation partners with the private sector to finance critical infrastructure and development solutions in emerging economies.
What's next for BasiGo?
With the recent infusion of $1M, BasiGo is well-positioned to scale its operations and deepen its market penetration. The company's strategic roadmap focuses on expanding its fleet deployment and enhancing its proprietary software platform, which optimizes energy consumption and vehicle maintenance. By leveraging the support of major institutional backers, BasiGo aims to solidify its role as a primary catalyst for the continent-wide shift toward sustainable public transport. Future growth will likely involve further integration of renewable energy sources into its charging infrastructure, ensuring that the company remains at the forefront of the global transition to clean, accessible, and efficient urban mobility.
See full BasiGo company page
