Ghanaian startup, Wahu Mobility, has opened its first local factory for producing EV bikes. The company plans to manufacture up to 200 electric bikes monthly for domestic and international markets, aiming to create job opportunities by potentially hiring over 3,000 employees by the end of the year.
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Key Features:
- The Wahu bikes are powered by two rechargeable batteries, boasting an impressive range of up to 140 kilometres on a single charge.
- In line with its commitment to youth employment, Wahu Mobility aims to collaborate with various stakeholders in the sector to provide job opportunities.
The CEO, Valerie Labi, emphasized the company’s comprehensive approach, which includes offering a weekly payment plan, organizing training workshops, providing insurance and maintenance schedules, and implementing real-time tracking of vehicles to enhance road safety and understand rider behaviors.
Moreover, Valerie Labi highlighted the financial hurdles for customers seeking bank loans to purchase electric bikes, citing stringent collateral requirements of 120% of the loan amount and high interest rates exceeding 30%.
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