to finance electric buses for public transport operators. KCB customers in the Public Service Vehicle industry will now be able to access flexible financing options in a deal between KCB Bank Kenya and BasiGo Ltd. BasiGo is an e-mobility startup and financing company supplying electric bus services to sub-Saharan Africa.
BasiGo’ s electric buses are available to purchase on a blended Sale/Operating lease model. Under this model, the bus is available to purchase from Kshs. 5,000,000, with BasiGo retaining ownership of the battery within the bus. The battery is subsequently leased to the PSV operator via the Pay-As-You-Drive subscription.
Also catered for are KCB SAHL Banking customers who under the Shariah-compliant banking model will be able to purchase the electric buses from BasiGo at affordable rates.