Tech Company Financing Transactions

BasiGo Funding Round

On 10/23/2024, BasiGo raised $41.5 million in Series A financing from Africa50, British International Investment and U.S. International Development Finance Corp.

Transaction Overview

Company Name
BasiGo
Announced On
10/23/2024
Transaction Type
Debt
Venture Equity
Amount
$41,500,000
Round
Series A
Investors

Africa50 (Lead Investor)

British International Investment (Lead Investor)

U.S. International Development Finance Corp (Lead Investor)

Mobility 54 Investment SAS

Novastar Ventures (Sapna Shah)

SBI Investment

Proceeds Purpose
BasiGo will use the funding to grow its fleet of electric buses from 119 to 1,000 in Kenya and Rwanda over the next three years to compete with Roam Motors, which raised $24 million in February 2024.

Company Information

Company Status
Private & Independent
Industry
Transportation
Mailing Address
Rivaan Centre 1st Floor Wing B Muguga Green
Nairobi, Undisclosed
Kenya
Phone
(254) 721 593 355
Website
www.basi-go.com
Email Address
[email protected]
Overview
BasiGo is an e-mobility start-up looking to revolutionize the public transportation sector by providing public transport bus owners with a cost-effective electric alternative to diesel. We are a team dedicated to creating an inclusive sustainable mobility revolution in Africa.
Profile
BasiGo LinkedIn Company Profile
Social Media
BasiGo Company Twitter Account
Company News
BasiGo News
Facebook
BasiGo on Facebook
YouTube
BasiGo on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Jit Bhattacharya
  Jit Bhattacharya LinkedIn Profile  Jit Bhattacharya Twitter Account  Jit Bhattacharya News  Jit Bhattacharya on Facebook
Chief Financial Officer
Jonathan Green
  Jonathan Green LinkedIn Profile  Jonathan Green Twitter Account  Jonathan Green News  Jonathan Green on Facebook
VP - Bus. Development
Samuel Kamunya
  Samuel Kamunya LinkedIn Profile  Samuel Kamunya Twitter Account  Samuel Kamunya News  Samuel Kamunya on Facebook
VP - Customer Service
Alex Mwaura
  Alex Mwaura LinkedIn Profile  Alex Mwaura Twitter Account  Alex Mwaura News  Alex Mwaura on Facebook

 

 

Browse more venture capital transactions:

Prev: 10/23/2024: Fungibal venture capital transaction
Next: 10/23/2024: California Catalysts venture capital transaction

 

Share this article

 

About Database of VC Transactions

We do our best to record every notable VC transaction. All VC database entries reported here come from a variety of public sources. The information is sourced from VentureDeal.com, an affiliated venture.

 

Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary

 

Copyright © 2001-2024. Gaebler Ventures. All rights reserved.