Yongeza Capital Funded To Charge Two-Wheelers In Uganda
🔋 Meet Yongeza
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Yongeza Capital, based in Uganda, builds a network of swapping stations to help electric motorcycle riders stay on the move.
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Investor check. Holocene led this early investment deal.
💸 Cutting the Bill
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Gas motorcycles are getting too expensive to run for the average delivery driver.
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Switching to electric power saves riders up to 60 percent on daily costs. It also helps clean up the air in the city.
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However, with more electric two-wheelers on the road, there is a need for more battery swapping stations.
🇺🇬 Electrify Uganda
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Yongeza offers a service that replaces empty batteries with full ones in under two minutes.
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They have already set up hubs in Kampala and worked with hundreds of local riders.
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They win because of their execution. Since mid 2024, they have completed almost 500,000 swaps, proven a solid business model behind it.
🚀 More Stations
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The new investment is expected to scale the offline battery swapping network with e-mobility space like Spiro.
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Whether its e-motorcycles or 3 wheelers, upcoming riders could assist the advantage of Yongeza, when purchasing bikes from their showrooms, dealerships or financier branches.