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Uber Uganda taps electric motorcycles
Source: Uber
From the newsletter
Online ride hailing company Uber has introduced an electric motorcycle service in Uganda’s capital Kampala. Uber made the announcement to its customers by email. “We’re excited to announce that Uber is expanding its electric boda product offering to Kampala,” it said. Uganda joins Kenya and South Africa as the markets in Africa where Uber has the EV service.
Ride hailing companies are racing to onboard electric bikes to boost their market shares. They charge lower prices on EV rides. In Kenya, an electric bike ride on Uber and Bolt are up to 10% cheaper, making them popular.
Africa’s ride-hailing market is expected to reach $3.21 billion in revenue by 2030. EV companies will benefit from this boom through increased sales, with EVs offering taxi operators lower operating costs and hence better returns.
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