What is BasiGo?
Headquartered in Nairobi, BasiGo is at the forefront of a sustainable mobility revolution across African cities. The company unites specialists in electric vehicles, public transport, energy, asset finance, software, and data science, driven by the conviction that Africa can lead the global shift towards inclusive and sustainable public transport. BasiGo operates with strong ESG principles, committed to delivering scalable clean transport solutions that are both accessible and affordable. Their approach fosters inclusive employment and upholds transparent, ethical governance, shaping their growth, collaborations, and environmental stewardship.
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, Spring Ventures, Moxxie Ventures Management, Nimble Partners, and Novastar Ventures
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 in Africa and Asia to create jobs and drive economic growth. They are a key player in financing sustainable infrastructure and businesses across developing markets.
Africa50
Africa50 is a pan-African infrastructure investor dedicated to bridging the continent's infrastructure funding gap. They mobilize public and private sector financing for infrastructure projects across Africa, emphasizing impact and climate considerations.
Climate Capital
Climate Capital specializes in the investment and management of renewable energy projects, focusing on behind-the-meter solutions for commercial and industrial partners to reduce greenhouse gas emissions and operating expenses.
What's next for BasiGo?
With substantial backing, BasiGo is strategically positioned to accelerate its expansion and deepen its impact on sustainable mobility in Africa. The recent major strategic investment signals strong confidence from investors in BasiGo's model and its potential to scale clean transport solutions. This capital infusion will likely fuel further development of their electric bus deployment programs, enhance charging infrastructure, and expand their operational footprint into new urban centers. BasiGo's focus on ESG principles and inclusive growth suggests a continued commitment to not only commercial success but also to positive social and environmental outcomes, reinforcing its role as a leader in Africa's green transition.
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