What is BasiGo?
Headquartered in Nairobi, BasiGo is at the forefront of a sustainable mobility revolution in African cities. The company unites specialists across electric vehicles, public transport, energy, asset finance, software, and data science. BasiGo's core belief is that Africa can lead the global transition to inclusive and sustainable public transport. Operating under strong ESG principles, the company is dedicated to delivering scalable clean transport solutions that are both accessible and affordable. This commitment extends to fostering inclusive employment and upholding transparent, ethical governance, shaping every aspect of its growth and partnerships.
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, Nimble Partners, Novastar Ventures, Third Derivative, 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 investing in businesses across Africa and Asia to support sustainable economic development.
U.S. International Development Finance Corporation
The U.S. International Development Finance Corporation is America's development bank, partnering with the private sector to finance solutions for critical challenges in the developing world.
Africa50
Africa50 is a pan-African infrastructure investor and asset manager dedicated to bridging the continent's infrastructure funding gap by developing and investing in impactful projects.
What's next for BasiGo?
With substantial enterprise-level backing and a recent major strategic investment, BasiGo is poised for significant expansion. The company's focus on ESG principles and its integrated approach to electric vehicle deployment, charging infrastructure, and financing positions it as a key player in Africa's sustainable transport future. Future developments will likely involve scaling operations to more cities, forging new partnerships with transport operators and governments, and further innovating its technology to meet the unique demands of the African market. This strategic financing will be crucial in solidifying BasiGo's role in driving the continent's clean mobility transition.
See full BasiGo company page
