Close Menu
Innovation Village | Technology, Product Reviews, Business
    Facebook X (Twitter) Instagram
    Friday, June 20
    • About us
      • Authors
    • Contact us
    • Privacy policy
    • Terms of use
    • Advertise
    • Newsletter
    • Post a Job
    • Partners
    Facebook X (Twitter) LinkedIn YouTube WhatsApp
    Innovation Village | Technology, Product Reviews, Business
    • Home
    • Innovation
      • Products
      • Technology
      • Internet of Things
    • Business
      • Agritech
      • Fintech
      • Healthtech
      • Investments
        • Cryptocurrency
      • People
      • Startups
      • Women In Tech
    • Media
      • Entertainment
      • Gaming
    • Reviews
      • Gadgets
      • Apps
      • How To
    • Giveaways
    • Jobs
    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Electric Vehicles»GOGO Electric secures new funding from the Africa Go Green Fund to scale across Uganda
    GOGO Electric

    GOGO Electric secures new funding from the Africa Go Green Fund to scale across Uganda

    0
    By Staff Writer on May 26, 2025 Electric Vehicles, Green Energy

    With investor confidence growing in Africa’s green transport sector, GOGO Electric has secured new funding from the Africa Go Green Fund (AGG) to scale its innovative e-mobility solutions across Uganda. Though the amount was not disclosed, the Revolving Working Capital Facility, managed by Cygnum Capital, will support the expansion of GOGO’s electric motorbike production and its fast-growing battery swap network.

    As one of Uganda’s leading electric mobility pioneers, GOGO Electric—operating under the Bodawerk brand—is transforming how urban transport operates by focusing on the country’s most vital segment: boda-boda riders. With over 2,500 e-motorcycles already in circulation and more than 120 battery swap stations, GOGO is making clean transportation both practical and profitable for the everyday commuter.

    “Every day, our customers make more money by avoiding burning over 6,000 litres of fuel,” said Jakob Hornbach, CEO of GOGO Electric. “This saves Uganda over $10,000 in daily fuel imports and replaces it with more than 10 MWh of locally generated renewable electricity. With this partnership, we can scale production, reach more riders, and expand our swap network across the country.”

    By assembling e-motorcycles locally and tailoring their battery systems to Uganda’s road conditions, GOGO ensures affordability, durability, and environmental impact. The company’s ride-to-own model and battery-as-a-service subscription allow boda riders to earn more while spending less—lowering both carbon emissions and cost barriers.

    In environmental terms, GOGO Electric helps avoid more than 3,000 tonnes of CO₂ emissions each year while also creating over 360 green jobs, making it one of Uganda’s most impactful clean energy ventures.

    For Africa Go Green Fund, which focuses on climate mitigation investments across the continent, GOGO represents a clear match. Laurene Aigrain, Executive Director of AGG, described the collaboration as a step toward inclusive and scalable green growth.

    “We are proud to support GOGO Electric’s mission to transform urban transport,” she said. “E-mobility holds massive potential for sustainable development, and GOGO’s locally grounded solutions exemplify the kind of scalable, high-impact innovation Africa needs.”

    Uganda’s e-mobility sector has seen significant traction in recent years, fueled by regulatory interest, startup innovation, and rising fuel costs. GOGO Electric’s ability to localize its technology and finance models gives it an edge in an increasingly competitive market.

    The AGG facility was structured with advisory support from Olaniwun Ajayi (Legal) and Ibis ESG Consulting (Environmental & Social), ensuring the transaction met the highest international standards in climate impact and social responsibility.

    The Africa Go Green Fund, backed by institutions like KfW, IFC, BII, and the African Development Bank, currently manages $166 million in capital and supports climate-friendly solutions in transport, buildings, appliances, and industry across Africa.

    As GOGO Electric prepares to scale even further, the company is redefining what e-mobility can look like on the continent—not just clean and cost-effective, but deeply rooted in local needs and capabilities. This partnership marks another step forward in building a more sustainable, equitable transport future for Uganda and beyond.

    Related

    Africa Go Green Fund e-mobility GOGO Electric Uganda
    Share. Facebook Twitter Pinterest LinkedIn Email
    Staff Writer
    • Website

    I am a staff at Innovation Village.

    Related Posts

    Kenya’s Roam Air Gen 2 Powers Electric Mobility with Boda Boda-Led Innovation

    UK Accelerates Self-Driving Trials: Uber and Wayve Team Up for 2026 Robotaxi Launch

    China to Establish Electric Vehicle Manufacturing Factory in Nigeria

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Copyright ©, 2013-2024 Innovation-Village.com. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.