BasiGo has received Sh804.5 million from venture capitalists in Silicon Valley to enable the company to begin local manufacturing of electric buses and charging infrastructure next year in Kenya.
The funding comes from Mobility54, the corporate venture capital arm of Toyota Tsusho; Trucks VC, a transportation-focused venture capital fund in Silicon Valley; and Novastar Ventures, a global VC supporting entrepreneurs transforming markets in Africa. This brings the total investment received in 2022 to Sh1.3 billion.
