KCB Bank customers can now access financing options to purchase electric Public Service Vehicles (PSV) following a deal the bank has secured with e-mobility startup and financing company BasiGo Ltd.
The customers will enjoy funding of up to 90 per cent for an extended period of 36 months, a move that aims to support the reduction in greenhouse gas emissions and enhance the customers’ response to climate change through adaptation and mitigation measures.
Moreover, customers will be privileged to access embedded tracking and fleet management gadgets that will be already installed on the electric buses in addition to insurance financing for their vehicles.
On the other hand, BasiGo will provide servicing, charging, and maintenance of the batteries.
Speaking during the signing of the agreement, BasiGo Chief Executive Officer (CEO) and Co-Founder Jit Bhattacharya noted that the agreement with KCB is game-changing as it will make access to electric buses by PSV owners in the country affordable.