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Kenya’s Ecobodaa To Launch Rent-to-Own Electric Motorcycles in Nairobi

Kenya’s Ecobodaa To Launch Rent-to-Own Electric Motorcycles in Nairobi

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Electric mobility startup, Ecobodaa has disclosed plans to launch its rent-to-own electric motorcycles in Kenya’s capital city, Nairobi. Being the largest city in Kenya, Nairobi is home to over 200,000 motorcycles which outnumber buses and taxis, making motorcycles the most common means of transportation in the city and country at large.

The e-mobility company is reportedly setting up battery swap stations in Kenya’s largest ghetto, Kibera in preparation for its October launch. Ecobodaa has said it will deliver its first batch of electric motorcycles to already trained women riders.

Ecobodaa’s electric motorcycles are designed and assembled in Nairobi, Kenya. Nigeria’s MAX.ng, Rwanda’s Ampersand and Uganda’s Zembo are other eBike-hailing startups in Africa that assemble their electric motorcycles locally.

While that is a common factor, these companies run different operational models, with some more different than the others.

Ecobodaa and Zembo operate a rent-to-own model

Ecobodaa plans to work on a rent-to-own model in Kenya so that its riders can eventually own the electric-powered motorcycles. The motorcycles will be leased to the drivers at first, while the company receives payments on a daily or weekly basis from its riders through Safaricom’s M-Pesa.

Ecobodaa’s riders will be able to obtain ownership of the electric motorcycles after making the stipulated M-Pesa payments for a period of 18 months.

Zembo operates a similar model to Ecobodaa in Uganda. The startup first rents its electric motorcycles out to riders for up to 2 years. According to Zembo, the rider becomes the owner of the electric motorcycles when the 2-year period elapses.Read More..

Source : technext
Anand Gupta Editor - EQ Int'l Media Network