M-KOPA partners Bolt to roll out electric bikes in Kenya
TLDR
- M-KOPA partners with Bolt to launch electric bike fleet in Kenya.
- Collaboration aims to boost driver earnings and promote eco-friendly urban mobility.
- Initiative offers discounted rates for leasing electric motorbikes to Bolt drivers, aligning with Kenya's National E-mobility Policy.
M-KOPA, an energy fintech company, has partnered with on-demand mobility firm Bolt to introduce an electric bike fleet in Kenya. This collaboration aims to enhance driver earnings and combat climate change by promoting eco-friendly urban mobility.
Under the partnership, new and existing Bolt drivers will have the opportunity to lease ROAM and Ampersand electric motorbikes at discounted rates compared to current market prices. This initiative is expected to increase driver earnings by reducing operational costs and encouraging the adoption of environmentally sustainable transportation solutions.
The rollout of 5,000 electric motorcycles aligns with Kenya's recently launched National E-mobility Policy, which seeks to promote local production and assembly of electric vehicles (EVs). Leveraging M-KOPA's fintech platform, Bolt plans to make electric motorbike ownership more accessible by significantly reducing associated expenses for drivers.
Key Takeaways
The global momentum toward the acceptance of electric vehicles (EVs) is evident, with over 11 million registered EVs worldwide in 2020, and projections anticipate a significant increase to 145 million by 2030. Despite this, progress in Africa has been comparatively slower. Currently, EV adoption remains low, mostly comprising private vehicles. However, recent developments indicate a potential shift in this landscape. The recently launched Bus Rapid Transit (BRT) network in Nairobi, exclusively designed for green vehicles, signals a commitment to sustainable transportation. Initiatives by EV startups like BasiGo, Roam, M-KOPA, Bolt, and Ampersand contribute to the growing interest in electric mobility.
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