BasiGo
Operator of an electric bus company intended to offer Pay-As-You-Drive financing systems to make electric buses affordable to all bus owners. The company offers electric buses that operate all day on a single charge with proven, safe battery technology, an economical, convenient and reliable alternative to diesel buses, enabling customers to overcome the problem of rising costs of diesel fuel.
Location: Kenya
Website: http://www.basi-go.com/
Sector: Logistics
Funding Stage: Pre-Seed, Seed, Venture Round, Grant, Debt, Debt, Venture Round, Debt, Grant, Series A,
Total Funding ($m): 74.35
# of Founders: 2
Founding Year: 2021
Funding Year: 2024
| Year | Amount | Stage | Investors |
|---|---|---|---|
| 2021 | $1m | Pre-Seed | Climate Capital, Third Derivative, Angel Investors |
| 2022 | $4.3m | Seed | Novastar Ventures, Moxxie Ventures, Nimble Partners, Spring Ventures, Climate Capital, Third Derivative |
| 2022 | $6.6m | Venture Round | Novastar Ventures, Mobility 54, Trucks.vc |
| 2023 | $1.5m | Grant | USAID |
| 2023 | $5m | Debt | British International Investment (ex CDC) |
| 2024 | $0.75m | Debt | DEG (Germany) |
| 2024 | $3m | Venture Round | CFAO Group |
| 2024 | $10m | Debt | U.S. International Development Finance Corporation (DFC) |
| 2024 | $0.2m | Grant | Ireme Invest |
| 2024 | $42m | Series A | British International Investment (BII), Africa50 |
Pre-Seed $1m
Climate Capital, Third Derivative, Angel InvestorsSeed $4.3m
Novastar Ventures, Moxxie Ventures, Nimble Partners, Spring Ventures, Climate Capital, Third DerivativeVenture Round $6.6m
Novastar Ventures, Mobility 54, Trucks.vcGrant $1.5m
USAIDDebt $5m
British International Investment (ex CDC)Debt $0.75m
DEG (Germany)Venture Round $3m
CFAO GroupDebt $10m
U.S. International Development Finance Corporation (DFC)Grant $0.2m
Ireme InvestSeries A $42m
British International Investment (BII), Africa50News
https://techpoint.africa/2024/10/23/basigo-funding-deliver-electric-buses/