EDFI ElectriFI injects further $1m into Uganda’s GOGO Electric
Funding will help expand battery-swap infrastructure for electric motorcycles.
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EDFI ElectriFI, the European Union–backed electrification financing initiative, has reinvested $1 million in Uganda’s GOGO Electric to support the expansion of its battery-swap network.
“This additional investment from EDFI MC is proof that GOGO Electric is on the right path to electrify Uganda’s public transport,” said Parth Shah, the company’s chief financial officer. “It shall boost our battery production capacity, allowing us to deploy more electric motorcycles on the Ugandan roads.”
The latest commitment brings EDFI’s total investment in GOGO Electric to $2.6 million, following an initial $1.6 million injection last year.
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