Major Asset Financing Agreement For Electric Motorcycles Signed By Bboxx And Spiro

Major Asset Financing Agreement For Electric Motorcycles Signed By Bboxx And Spiro

One of the greatest vehicle segments in Africa is the motorbike industry. In Africa, there are more than 27 million registered ICE motorcycles, with the motorcycle taxi business using almost 80% of them. Due to high operational costs connected with routine oil changes and maintenance services for internal combustion engine motorbikes as well as the constantly growing price of gasoline, many business owners in this sector are experiencing rising costs and declining earnings. As a result, there has been a lot of focus on finding ways to electrify the continent's motorcycle taxi sector. According to Spiro, the largest EV platform in Africa, motorcyclists in this sector can save up to $360 annually by switching to electric motorcycles.

"To connect clients with clean energy, clean cooking, cellphones, e-mobility, and chosen financial products—many for the first time—we designed Bboxx Pulse®, a completely integrated operating system, and combined it with a large on-the-ground network. Through last mile logistics and data-driven novel financing approaches, we are bridging both underprivileged rural areas and aspirant urban ones with a highly accessible and cheap way to access life-changing solutions. We provide pay-as-you-go services to individuals, organizations, and communities throughout Africa so they can reach their full potential.