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Bolt, M-KOPA Launch Electric Motorcycles In Kenya
Bolt, a global on-demand mobility company, in collaboration with M-KOPA, an African fintech platform, have announced the launch of its electric bike fleet in Kenya.
Through the partnership, new and existing drivers will have the opportunity to lease ROAM and Ampersand electric motorbikes at a discounted price in comparison to the current market rates. Riders on the Bolt platform will be able to access an electric bike for as low as $74.35 – $111.52, through vehicle financing, enabled by the partnership between M-KOPA, ROAM and Ampersand.
Through this collaboration, Bolt seeks to leverage M-KOPA’s fintech platform to make electric motorbike ownership affordable, by substantially reducing the expenses associated with electric motorbikes for drivers.
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By combining the power of digital micropayments with IoT technology, M-KOPA offers customers access to a broad range of productive assets, including electric motorcycles, without collateral or a guarantor. For drivers to access the EV bikes, they will need to join the fleet supported by M-KOPA. The drivers will need to operate exclusively on the Bolt platform and then own the bikes after the lease period.
Caroline Wanjihia, Regional Director, RideHailing Operations, Africa & International Markets, said: “By leveraging electric vehicles, we are not only reducing our environmental footprint, but also aim to enhance driver earnings and improve overall economic stability within the communities that we serve. Considering all financial incentives and reduced operating costs, drivers participating in this pilot launch could see significantly increased daily earnings compared to petrol motorcycles. This initiative underscores our commitment to driving positive change and fostering economic empowerment within our driver community.”
David Damberger, Managing Director – M-KOPA Mobility, added: “As the leading financier of electric motorbikes in Kenya, we’re committed to redefining mobility in Kenya through affordable financing solutions for electric motorbikes, particularly for the underbanked. Partnering with Bolt represents a significant leap towards this goal, enabling us to broaden our reach and support more customers in transitioning to sustainable transport solutions.”
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As part of its launch strategy, Bolt says it will initially deploy 5000 electric bikes in Nairobi, with plans for expansion in the near future.
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