M-KOPA extends financing to 10,000 electric tuk-tuks in Kenya
Kenyan mobility firm M-KOPA launched a pay-as-you-go model for electric three-wheelers following its success with motorcycles. The company reports operators save an average of Sh530 daily through lower energy and maintenance costs.
M-KOPA announced the expansion of its financing program to include electric tuk-tuks in Kenya. The firm stated that this move allows vehicle owners to acquire three-wheelers using a pay-as-you-go model, spreading payments over time and reducing initial purchase costs. General Manager Brian Njao noted that the strategy previously reached 10,000 financed electric motorbikes, reflecting rising demand from riders seeking lower operating expenses. M-KOPA claims its customers save an average of Sh530 per day via reduced energy bills and maintenance fees, in addition to access to battery-swapping infrastructure. The initiative supports Kenya's National Electric Mobility Policy, which promotes clean transport in passenger sectors affected by urban air pollution in Nairobi.
