Africa has tremendous challenges but also opportunities. Half the population earn less than $3 a day, 600 million are without electricity but the population will grow by 3 billion people before the end of the century, the biggest new market the world has even seen, half today’s world population. We have developed a solar powered e-tricycle that can do 100km every day on sunshine and supply basic electricity needs. Our tricycles pay for themselves through revenue streams for users (street-vending and last mile delivery), are connected through the internet (IoT, GSM, GPS) and our business is highly scalable across Africa through distributed business units supported by a proven capacity building university based business school approach. Our ambition is to replace 30 million motorcycles imported yearly. And we have a way to do this for a lease-to-use charge of only $3.50 a day.
|Stage||Growth stage EST April 2015|
|Sectors||Information technology, Personal transport, Solar power|
|Markets||Northern Africa, Angola, Benin, Botswana, British Indian Ocean Territory, Burkina Faso, Burundi, Cabo Verde, Cameroon, Central African Republic, Chad, Comoros, Congo, Côte d'Ivoire, Djibouti, Equatorial Guinea, Eritrea, Eswatini, Ethiopia, French Southern Territories, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mayotte, Mozambique, Namibia, Niger, Nigeria, Papua New Guinea, Réunion, Rwanda, Saint Helena, Ascension and Tristan da Cunha, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Tanzania, United Republic of, Togo, Uganda, Zambia, Zimbabwe|
|Customer model||B2B, B2B2C, B2B2G, B2C, Governments (B2G), Non-profits|
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