BasiGo raises $4.3 million

Techloy -

Kenyan startup BasiGo raises a $4.3 million seed funding round led by Novastar Ventures with participation from several Silicon Valley investors, including Moxxie Ventures, Nimble Partners, Spring Ventures, Climate Capital, and Third Derivative.

  • The electric vehicle technology and financing company is bringing electric bus services to Sub-Saharan Africa.
  • The new funding will help the startup commercialize its business model and begin the assembly of electric buses locally.