E-Mobility Asset Financing Expansion - East Africa

This company is an E-Mobility Asset Financier based in Nairobi, Kenya, providing affordable electric motorcycle financing for gig-economy riders. Founded in 2024 (operations launched in July 2025), this E-Mobility Asset Financier provides affordable credit for gig-economy riders and currently manages a fleet of 50 active electric motorcycles operating on the Bolt platform in Nairobi.

Mission
To finance electric motorcycles so riders can work, earn, and become asset owners.

Business Model
The model combines financing, rider onboarding, technology, and risk management.
1. Rider - Riders get onboarded into the gig economy
2. Productive Use - Ride hailing platforms and delivery services provide reliable income to Riders
3. Asset financing - Riders have access to affordable credit to get started immediately
4. Risk Management - Live tracking of the asset and insights into income de-risks default probability
5. Hire Purchase Contract - Transparent agreement between parties is regulated under the Hire Purchase Act

Current Traction
The company manages a fleet of 50 riders active on the Bolt platform in Nairobi. Early repayment behavior is strong with high rider retention and efficient unit economics, validating the operational model.

Market Opportunity
Kenya’s motorcycle market has ~3 million riders, representing a USD 1.2B total addressable market. Within Nairobi, early adopters number roughly 45,000 riders, creating an USD 18M serviceable obtainable market. Electric motorcycles currently represent only 0.4975 percent of the total fleet, signaling significant growth potential.

Strategic Advantages
• First-mover advantage in electric motorcycle financing
• Strong industry partnerships
• Data-driven credit assessment and live asset management
• Scalable model for broader East African expansion

Fundraising Overview
The company is raising USD 250,000 through a Convertible Note to expand fleet financing, onboard new riders, and strengthen technology infrastructure.

Convertible Note Terms
• Valuation Cap: USD 5 million
• Interest: 15 percent
• Discount: 20 percent
• Maturity: 24 months
• Trigger: Next equity round of USD 500,000

Growth Plans
Funds will support rider acquisition, fleet expansion, and digital risk systems. Over the next 24 months, expansion is planned into Uganda, Tanzania, and Rwanda.

Impact
Each financed motorcycle contributes to income generation, reduced emissions, and a shift toward clean mobility in a fast-growing market.