What is BasiGo?
Headquartered in Nairobi, BasiGo is driving a sustainable mobility revolution by uniting specialists in electric vehicles, public transport, energy, asset finance, software, and data science. The company is rooted in the belief that Africa can lead the global shift to inclusive, sustainable public transport. Guided by strong ESG principles, BasiGo is committed to delivering scalable clean transport solutions, ensuring accessibility and affordability while fostering inclusive employment, and upholding transparent, ethical governance. These commitments shape how the company grows, collaborates with partners, and protects the planet they all share.
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 Nimble Partners, Spring Ventures, Moxxie Ventures Management, Third Derivative, Climate Capital, and Novastar Ventures
Other Financing Round (2022): $6.6M led by V-C Trucking, Moxxie Ventures Management, and Mobility 54 Investment SAS
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
Africa50
Africa50 is a pan-African infrastructure investor and asset manager dedicated to bridging the continent's infrastructure funding gap through high-impact, sustainable projects.
British International Investment
The development finance institution of the UK government, focused on mobilizing private sector capital to address critical challenges in developing economies.
U.S. International Development Finance Corporation
America's development bank, which partners with the private sector to finance solutions to the most critical challenges facing the developing world.
What's next for BasiGo?
With the latest capital infusion, BasiGo is well-positioned to accelerate its deployment of electric buses and supporting charging infrastructure. The strategic focus will likely shift toward deepening its partnerships with local transport operators and enhancing its proprietary software platform to optimize fleet management and energy efficiency. As the company moves beyond its initial scaling phase, the emphasis will remain on proving the long-term economic viability of its business model, which combines hardware innovation with innovative financing structures. By leveraging its recent backing from major development finance institutions, BasiGo is poised to set a new standard for clean, reliable, and inclusive public transit systems across the African continent, effectively bridging the gap between environmental sustainability and operational scalability.
See full BasiGo company page
