Estonia-based taxi-hailing company Bolt is set to invest at least 100 million Kenyan shillings ($680,966) in Kenya to promote electric mobility solutions. Currently operating forty electricity-powered bicycles for deliveries in Nairobi, Bolt plans to introduce electric-powered vehicles within the next twelve months through its application. This initiative aligns with the company's goal to reduce its carbon footprint and support Kenya's emerging e-mobility framework. Bolt aims to start with smaller, more affordable electric vehicles and will collaborate with electric car manufacturers and banks for financing. The company is also working with the National Transport and Safety Authority to improve driver safety. The transition to e-mobility will require infrastructure development, including charging stations and battery-swapping opportunities.
Kenya has been exploring e-mobility solutions, with a task force established to create a roadmap for e-mobility and propose economic interventions like tax incentives to promote their adoption. Bolt's investment reflects the global shift towards cleaner transportation to combat emissions and address environmental concerns.