EDFI ElectriFI, the European Union–backed initiative focused on accelerating access to clean energy in emerging markets, has announced a $1 million reinvestment in GOGO Electric, a Ugandan electric mobility startup. The funding will support the expansion of GOGO’s battery-swap infrastructure, a key component in the company’s mission to electrify public transportation across Uganda.
This latest investment builds on EDFI’s initial $1.6 million commitment made in 2022, bringing its total backing of GOGO Electric to $2.6 million. The continued support reflects growing confidence in the startup’s scalable model and its potential to transform Uganda’s urban transport landscape.
Parth Shah, Chief Financial Officer at GOGO Electric, welcomed the reinvestment, stating:
This additional investment from EDFI MC is proof that GOGO Electric is on the right path to electrify Uganda’s public transport. It will significantly boost our battery production capacity, enabling us to deploy more electric motorcycles on Ugandan roads.
GOGO Electric’s battery-swap model allows riders to exchange depleted batteries for fully charged ones at designated stations, eliminating long charging times and making electric mobility more practical for commercial and commuter use. The company’s network is designed to serve boda boda riders, a vital segment of Uganda’s transport system, with the goal of reducing emissions and lowering operational costs.
The reinvestment will be used to:
- Scale battery production to meet growing demand.
- Expand swap station coverage across key urban centers.
- Deploy additional electric motorcycles into the market.
- Strengthen operational capacity to support logistics and maintenance.
EDFI ElectriFI’s continued involvement underscores its commitment to supporting innovative, climate-friendly solutions that promote inclusive economic growth. The initiative targets early-stage companies with high-impact potential in underserved markets, particularly those driving renewable energy adoption and sustainable infrastructure.
GOGO Electric’s partnership with EDFI is part of a broader movement toward green mobility in East Africa, where governments and private sector players are increasingly investing in electric vehicle ecosystems to combat pollution and reduce reliance on fossil fuels.
