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- Bolt Kenya motorcycle fleet is 40% electric
Bolt Kenya motorcycle fleet is 40% electric
Source: M-Kopa
From the newsletter
Bolt, a global ride hailing operator, has electrified 40% of its motorcycle ride-hailing fleet in Kenya. The company has onboarded 1,700 e-bike riders through asset-financier M-Kopa. The growth is driven by accessible financing and flexible pay-as-you-go models. The majority of Bolt’s riders operate in Nairobi, where EV adoption is accelerating fastest.
Access to finance has been a major catalyst for EV adoption in East Africa. The region hosts more asset-financing companies than any other part of the continent.
Bolt remains highly committed to competing with Uber’s electric fleet. Riders benefit from lower operating and maintenance costs, while consumers enjoy discounted fares.
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