M-KOPA, a Nairobi-based fintech platform, has partnered with Bolt to introduce over 5,000 electric bikes in Kenya over three years. The collaboration aims to offer flexible digital micropayment options to drivers, aligning with Kenya’s National E-mobility Policy draft to boost local electric vehicle production. Bolt and M-KOPA will provide discounted leasing rates for ROAM and Ampersand electric motorbikes in Kenya.
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Drivers can save around 40% on ownership costs by switching to e-bikes through a financing program by M-KOPA, ROAM, and Ampersand, operated exclusively on the Bolt platform. This shift to electric mobility not only boosts driver earnings by cutting expenses but also supports environmental sustainability in Kenya. Bolt has been backing eco-friendly projects in Africa since 2019, emphasizing renewable energy and resource conservation.
David Damberger, Managing Director of M-KOPA Mobility, expressed the company’s dedication to reshaping mobility in Kenya by providing affordable financing solutions for e-bikes, particularly targeting the underbanked population.
Despite regulatory challenges, Bolt remains committed to Kenya, underscoring its long-term vision for sustainable transportation solutions. Established in 2011, M-KOPA has been at the forefront of providing digital financial services to underserved Kenyans, offering access to smartphone financing, digital loans, and health insurance. With a presence in Nigeria, Kenya, Uganda, and Ghana, M-KOPA continues to expand its reach, particularly in the e-bike market where it currently holds a significant share.
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