Kenya: Autopax, Kofa sign deal for electric mobility expansion
Autopax, a Kenyan carmaker, and Ghanaian battery company Kofa have partnered to establish an electric motorcycle assembly and distribution plant.
Ratified during the Africa Tech Summit in Nairobi, the groundbreaking collaboration entails Autopax establishing an assembly line and distribution outlets throughout the region, while Kofa will deploy its battery swap network to facilitate electric mobility.
“This partnership not only represents a significant leap towards cleaner transport but also demonstrates our commitment to innovative solutions that meet the unique needs of Kenyan businesses and entrepreneurs,” said Autopax CEO Joy Kalua.
The motorcycles, with a capacity of approximately 250 kilograms and a range of 100 kilometers on a full charge, will be maintained for efficiency by Kofa through its Kore2 Swap and Go Network.
“We will set up a sustainable battery swap network across the region, providing a reliable solution for energy storage and management,” said the CEO of Kofa Eric Nygard.
According to data from the Kenya National Bureau of Statistics (KNBS), motorcycle imports experienced a notable decrease in three-quarters of last year compared to figures recorded in 2022.
Related Posts
South Africa: Lula secures over $21m to boost SME funding
South African fintech Lula has secured R340 million (over $21 million) in local currency funding from the Dutch…
ByIfeyinwa Osime appointed Chair of Access Bank board
Access Holdings Plc has announced the appointment of Mrs. Ifeyinwa Osime as the new Chairman of the Board…
Simba Group, LAPO to enhance asset financing for mobility entrepreneurs
Simba Group, the exclusive distributor of TVS Tricycles (popularly known as Keke) and motorcycles in Nigeria, has entered…
Nedbank plans 66% acquisition of NCBA Group
South Africa’s Nedbank Group Limited has announced its intention to acquire a controlling 66% stake in NCBA Group…
Gallery
