New investment seeks to expand electric forklifts in Nigeria and beyond
responsAbility has completed a mezzanine investment in Bisedge, a provider of electric logistics solutions in Africa.
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Fund manager responsAbility has completed a mezzanine investment in Bisedge, a provider of electric logistics solutions in Africa.
The funding will support Bisedge in expanding its fleet of electric forklifts in Nigeria and other African countries, strengthening its distribution and servicing capabilities. It will also enable the company to assist key clients in the food and beverage industry in reducing carbon emissions through more sustainable material handling solutions.
Bisedge, founded in 2020 in Lagos, Nigeria, specialises in electric logistics solutions and is a partner of Linde Material Handling for electric forklifts and reach trucks in Nigeria, East Africa, and Southern Africa. Through its innovative ‘machine-as-a-service’ model, Bisedge offers commercial and industrial clients a comprehensive alternative to equipment ownership by providing full outsourcing services.
Peter Page, senior investment officer at responsAbility, said: “Bisedge exemplifies the type of innovative, sustainable businesses we prioritise at responsAbility. Their forward-thinking logistics solutions support the transition to clean energy and also address critical operational challenges for businesses in Africa. This investment empowers Bisedge to scale its impact, enhancing sustainability and efficiency across the region.”
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