Ecobodaa, a mobility start-up in Kenya obtains undisclosed funding from Persistent Vitality Capital

Kenyan electrical mobility start-up Ecobodaa has raised a brand new spherical of funding led by Persistent Vitality Capital, which additionally manages a enterprise capital-building strategy that gives technical and advisory assist. Ecobodaa will channel the brand new funds to speed up its development.

The clear energy-inspired mobility startup was based by Steve Juma and Kim Chepkoit in 2020, and has certified for the Transformative Mobility Accelerator in Africa alongside 9 different East African startups.

In line with Chepkoit, Persistent Vitality Capital is a confirmed accomplice who helps construct companies with “a stable monitor report of constructing revolutionary startups.” Mia von Koschitzky-Kimani, the chief builder of Persistent welcomed the “ onerous work of the staff, native data and accomplishments. “

There are over 1.4 million motorcyclists in Kenya making 22 million journeys per day. The President of Kenya revealed that 5.2 million individuals are immediately or not directly supported by the sector. Boda Boda cyclists throughout Kenya elevate over 980 million Ksh ($ 9.2 million) per day. The business’s estimated annual revenues are Ksh 357 billion ($ 3.3 billion), making it an important a part of the financial system.

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