French-Kenyan technology start-up Stima, financial company Mogo, Estonian mobility company Bolt have announced a partnership for green mobility soluti
French-Kenyan technology start-up Stima, financial company Mogo, Estonian mobility company Bolt have announced a partnership for green mobility solutions in Kenya.
The agreement will the three develop new solutions for electric motorbikes in the country’s capital Nairobi. According to Stima, the initiative will “support the transition to green mobility for sustainable cities” and avoid 90% of carbon dioxide (CO2) emissions in Kenya compared to thermal vehicles.
Scope of partnership
According to the deal, Mogo is tasked with establishing a leasing system that will allow Kenyan drivers to acquire their own motorbikes by paying weekly installments. STIMA will contribute motorcycles and battery swapping infrastructure to the partnership. Bolt on the other will promote electric motorcycles to the fleet of 4,000 riders currently using the Bolt food delivery App, with the objective of transitioning its food delivery fleet to electric.
“The partnership with Mogo and Bolt contribute to the far-reaching goal of STIMA: to spread the adoption of e-mobility in Kenya and East Africa. By harnessing STIMA’s battery swapping technology, Mogo’s tier one asset financing and Bolt’s legacy in ride hailing, this partnership will put more electric motorcycles on the road,” said Jason Gras, Co-Founder and CEO of STIMA.
“Bolt Food is delighted to be partnering with STIMA on this initiative as it underpins our commitment to helping couriers earn more whilst encouraging sustainable modes of transportation. Through STIMA, couriers will purchase electric motorcycle bikes, allowing them to save on costs as they are less cost intensive in terms of consumption and maintenance. Through Mogo, they will get ready access to financing, which mitigates the challenge posed by the initial cost of acquisition of the e-bikes. The e-motorcycles will add to our existing greener transport options on our platform, including electric tuk-tuks and e-bicycles. Bolt Food is committed to providing viable economic opportunities to all its courier partners and enhancing customer experience through affordable, reliable and sustainable services,” said Edgar K Kitur, Country Manager, Bolt Food.