In a major vote of confidence for the country’s green transport ambitions, EDFI ElectriFI, the EU-backed Electrification Financing Initiative managed by EDFI Management Company, has announced a $1 million follow-on investment in GOGO Electric, Uganda’s leading e-mobility startup.
The new capital, unveiled during the EU’s Green Diplomacy Week in late October 2025, raises ElectriFI’s total commitment to $2.6 million, following an initial $1.6 million investment in May 2024.
The funds will expand GOGO Electric’s battery-swapping infrastructure and boost electric motorcycle production, directly targeting Uganda’s massive boda boda (motorcycle taxi) market.
GOGO Electric: Powering Uganda’s Mobility Shift
Founded in 2017 as Bodawerk and rebranded in 2023, GOGO Electric has emerged as the backbone of Uganda’s EV transition.
The Kampala-based company manufactures lithium-ion batteries, assembles e-motorcycles, and operates a fast-growing network of swapping stations, providing affordable, low-emission mobility for thousands of riders.
By early 2025, GOGO had:
- Deployed 60+ swapping stations and supported 30+ local agents
- Logged 50 million kilometres in annual fleet mileage (2024)
- Offset more than 3,000 tonnes of CO₂ per year
- Built a semi-automated factory capable of producing 60,000 batteries annually
Beyond clean energy, GOGO is a local manufacturing story, including creating jobs, reducing import dependence, and enabling riders to save up to 70% on fuel costs while earning 20–30% more per day through lower operating expenses.
“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, Chief Financial Officer at GOGO Electric. “It shall boost our battery production capacity, allowing us to deploy more electric motorcycles on the Ugandan roads.”
A Catalyst for Uganda’s Green Transition
The reinvestment arrives as Uganda doubles down on e-mobility under its Green Growth Development Strategy, which targets 90% renewable power by 2030. GOGO’s growth dovetails with public sector initiatives such as:
- The Uganda Development Bank’s $3 million equity investment (April 2025) to scale EV manufacturing
- A revolving working capital facility from the Africa Go Green Fund (May 2025), managed by Cygnum Capital
- Government-backed EV charging rollout, starting with 10 public stations launched in March 2025 and expanding to 3,500 by 2040
Co-investors like Watu Credit, a leading e-mobility financier, are reinforcing the ecosystem by providing credit access to riders and SMEs.
“We are accelerating the diesel-to-solar shift for economic and environmental gains,” said Rodrigo Madrazo, CEO of EDFI Management Company. “Supporting GOGO Electric strengthens Uganda’s e-mobility ecosystem and advances the broader energy transition across East Africa.”
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Beyond Mobility: A Model for Africa’s EV Market
Uganda’s transport sector, responsible for about 15% of national emissions, is ready for transformation. With 300,000+ petrol-powered boda bodas currently on the roads, GOGO’s swap model presents a scalable, low-carbon solution for Africa’s urban mobility challenges.
Since 2019, GOGO’s network has expanded from three swapping stations to over 130 nationwide, serving 1,500+ electric motorcycles as of mid-2025.
Its model is now being studied by policymakers and peers in Kenya, Tanzania, and Rwanda, all exploring similar incentives for e-mobility adoption.
“This validates our vision to make electric motorcycles a mainstream reality for Ugandans,” said Jakob Hornbach, GOGO Electric Founder and CEO.
The Road Ahead
The EU Delegation to Uganda has reaffirmed support for full electrification of Kampala’s boda fleet by 2026, calling GOGO’s model a “blueprint for inclusive green industrialization.”
As Africa’s e-mobility market accelerates, this $1 million reinvestment is more than capital—it’s a catalyst for industrial growth, clean innovation, and climate resilience.
One swapped battery at a time, Uganda is moving closer to a cleaner, smarter, and self-sustaining transport future.
GOGO Electric Uganda: Affordable E-Mobility for a Greener Future
GOGO Electric Uganda is reinventing urban transport with affordable and eco-friendly motorcycles.
The GOGO electric bike price in Uganda varies depending on the model, with listings such as the GOGO electric bike price in Uganda Jiji and the used GOGO electric bike price in Uganda offering budget-friendly options for riders.
Through partnerships like GOGO Watu, customers can access flexible financing for e-motorcycles, making ownership easier. The GOGO electric motorcycle lineup delivers reliability, low maintenance, and zero emissions.
For professionals seeking to join the clean mobility revolution, there are exciting opportunities through GOGO Electric jobs.
Whether comparing the latest GOGO electric price or exploring financing options, GOGO Electric continues to power Uganda’s shift toward sustainable transportation.
Ronnie Paul is a seasoned writer and analyst with a prolific portfolio of over 1,000 published articles, specialising in fintech, cryptocurrency, climate change, and digital finance at Africa Digest News.
