In addition, GOGO has just announced a partnership withCredit Uganda Ltd. to help bring over 1,000 new EVs to the Ugandan market by the end of 2023. This announcement was made during a customer service appreciation and celebration of Uganda Independence Day at a luncheon hosted for over four hundred motorcycle taxi riders in Kampala.
Watu says this partnership aligns with the Ugandan government’s ambitious plan to remove at least 25% of diesel and petrol vehicles from its roads by 2026. By providing accessible and affordable financing for electric vehicles, this partnership wants to accelerate their adoption and significantly contribute to the nation’s sustainability goals. The upfront cost of motorcycles is a major barrier, and therefore, these kinds of financing deals will really help accelerate adoption.
GOGO targets securing 1,000 riders on the road and 2,000 battery swaps per day by the end of 2023, and 20,000 riders consuming 3 GWh of electricity per month by the end of 2024. Additionally, the company aims to commission East Africa’s largest lithium-ion battery pack factory in 2024. Uganda’s grid is mostly powered by hydro, and therefore, all of these electric motorcycles will be charged using some exceptionally clean electricity.