Stima Mobility, the Kenyan startup providing green tech solutions for the moto-taxi sector (boda boda riders) has secured 100,000 euro in investments from DEG Impulse.
Why This Matters
The aim of the investment is to demonstrate the economic viability of battery swapping systems at the scale of 100 motorbikes and 11 battery swap stations in Nairobi and further develop the swapping platform licensing.
The new funding, which was issued in the form of a grant makes Stima the newest addition to the develoPPP Ventures e-mobility portfolio.
Besides funding, the companies will receive technical assistance based on their specific needs to maximize their chances of success.
About Stima
Stima Mobility sells battery-swapping services to individual electrical boda boda riders and is building an operating system of battery-swapping stations.
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