M-KOPA, a leading financier of e-bikes in Kenya, has partnered with Bolt, a prominent on-demand mobility service in Africa, to introduce an electric bike fleet in Kenya. This joint initiative aims to make electric motorbike ownership more accessible and affordable for drivers by offering discounted lease rates compared to current market prices.
By partnering with M-KOPA’s fintech platform, Bolt is able to significantly reduce costs for drivers, slashing expenses by up to 40% compared to petrol bikes. Through this collaboration, drivers can enjoy subsidized vehicle prices, making electric bikes on par or even cheaper than their petrol counterparts. With lower energy and maintenance expenses, drivers have the potential to cut vehicle operating costs by a whopping 75%.
The collaboration between M-KOPA and Bolt supports Kenya’s National E-mobility Policy, which encourages local production and assembly of electric vehicles (EVs). Over the next three years, the deployment of more than 5,000 electric motorcycles will contribute to the country’s efforts in addressing climate change and promoting eco-friendly urban transportation. With zero tailpipe emissions and lower maintenance costs, these electric bikes provide drivers with a financially feasible option to increase earnings while reducing expenses.
Caroline Wanjihia, the Regional Director of RideHailing Operations for Africa & International Markets at Bolt, expressed her enthusiasm for introducing an electric bike fleet, emphasizing Bolt’s dedication to offering sustainable and financially viable transportation options in Kenya. Meanwhile, David Damberger, the Managing Director of M-KOPA Mobility, highlighted the partnership with Bolt as a significant stride toward revolutionizing mobility in Kenya through affordable financing solutions for electric motorbikes.
M-KOPA combines digital micropayments with IoT technology, enabling customers to access various assets, including electric motorcycles, without requiring collateral or a guarantor. Through joining M-KOPA’s fleet on the Bolt platform, drivers can access EV bikes and eventually own them after the lease period. This innovative approach not only benefits drivers but also advances Kenya’s ride-hailing and delivery industry.
The collaboration between M-KOPA, Bolt, ROAM, and Ampersand is a testament to the commitment of all parties in revolutionizing transportation in Kenya, promoting sustainable practices, and boosting driver earnings.
The introduction of an electric bike fleet in Kenya by M-KOPA and Bolt is an important development in the transportation industry in the country. With the partnership between these two companies, electric motorbike ownership becomes more accessible and affordable for drivers. This initiative offers discounted lease rates compared to current market prices, allowing drivers to enjoy subsidized vehicle prices.
One of the key benefits of this collaboration is the significant reduction in costs for drivers. By utilizing M-KOPA’s fintech platform, Bolt is able to lower expenses for drivers by up to 40% compared to petrol bikes. This cost reduction makes electric bikes on par or even cheaper than their petrol counterparts. In addition, drivers can potentially cut vehicle operating costs by 75% due to lower energy and maintenance expenses.
The partnership between M-KOPA and Bolt aligns with Kenya’s National E-mobility Policy, which encourages the local production and assembly of electric vehicles. Over the next three years, the deployment of more than 5,000 electric motorcycles will contribute to the country’s efforts in addressing climate change and promoting eco-friendly urban transportation. These electric bikes have zero tailpipe emissions and lower maintenance costs, providing drivers with a financially feasible option to increase their earnings while reducing expenses.
Caroline Wanjihia, the Regional Director of RideHailing Operations for Africa & International Markets at Bolt, expressed her enthusiasm for introducing an electric bike fleet, highlighting Bolt’s commitment to offering sustainable and financially viable transportation options in Kenya. David Damberger, the Managing Director of M-KOPA Mobility, also emphasized the significance of the partnership with Bolt in revolutionizing mobility in Kenya through affordable financing solutions for electric motorbikes.
M-KOPA’s innovative approach to financing electric motorcycles combines digital micropayments with IoT technology. Through joining M-KOPA’s fleet on the Bolt platform, drivers can access electric bikes and eventually own them after the lease period. This not only benefits the drivers by providing them with affordable access to electric motorcycles but also advances Kenya’s ride-hailing and delivery industry.
Furthermore, the collaboration between M-KOPA, Bolt, ROAM, and Ampersand showcases the commitment of all parties involved in revolutionizing transportation in Kenya. This partnership not only promotes sustainable practices but also aims to boost driver earnings, ultimately contributing to the growth and development of the industry.
For more information about M-KOPA and its initiatives, you can visit their website here. To learn more about Bolt and its services, you can visit their website here.