• EDFI ElectriFI invested an additional $1 million in GOGO Electric, bringing its total investment to $2.6 million.

• GOGO operates over 2,500 electric motorcycles and 120 battery-swap stations across Uganda.

• The company is building Africa’s first semi-automated lithium-ion battery plant, with an annual capacity of 60,000 units.

Ugandan electric mobility company GOGO Electric has secured $1 million in new financing from EDFI ElectriFI, the European Union’s electrification investment initiative, to boost local battery production and expand access to clean transportation across the country.

This latest funding raises EDFI ElectriFI’s total investment in the company to $2.6 million, following a $1.6 million injection in 2024. The new capital will strengthen GOGO Electric’s industrial capacity and battery network, enabling more boda-boda (motorcycle taxi) drivers to switch from fuel to electric power.

“This additional investment from EDFI MC proves that GOGO Electric is on the right track to electrify public transport in Uganda. It will enhance our battery production capacity and allow us to deploy more e-motorcycles on Ugandan roads,” said Parth Shah, GOGO Electric’s Chief Financial Officer.

GOGO Electric has become a key player in Uganda’s clean transport transition. The startup has sold over 2,500 electric motorcycles and operates 120 battery-swap stations. In April 2025, it raised $3 million from the Uganda Development Bank to support local manufacturing. The company also secured a revolving credit line from the Africa Go Green Fund to scale production of electric bikes and lithium-ion batteries.

These new resources underscore investor confidence in GOGO Electric’s industrial potential as it develops Africa’s first semi-automated lithium-ion battery factory, designed to produce up to 60,000 units per year.

According to the International Energy Agency (IEA), electric motorcycle sales in Africa rose by nearly 40% in 2024, reaching 9,000 units, or 0.5% of total motorcycle sales on the continent. Companies such as Spiro, Roam, and Ampersand are expanding regional operations, signaling growing momentum in Africa’s e-mobility market.

In this context, GOGO Electric’s growth reflects a broader shift toward locally driven, low-carbon urban transport solutions that could reshape Africa’s mobility landscape in the coming decade.

This article was initially published in French by Abdoullah Diop

Adapted in English by Ange Jason Quenum