Electric Transits Africa Secures €600,000 to Expand EV Fleet, Charging Network in Kenya
Summary
Electric Transits Africa secured a €600,000 ($650,000) loan from Invest International, provided through the Dutch Good Growth Fund, to expand its electric vehicle leasing fleet and fast-charging network in Kenya. The company uses an EV-as-a-Service model that bundles financing, maintenance, insurance, and charging access to lower upfront costs for commercial clients in tourism, logistics, and security. ETA plans to roll out additional vehicles and public charging infrastructure as it scales across East Africa and aims to raise more capital in the coming months. The lender said the investment aligns with its focus on sustainable mobility and climate-oriented projects, and ETA positions electric transport as a mainstream, cost-efficient option in Kenya.