Electric Transits Africa (ETA), a Dutch-Kenyan e-mobility company, has secured a €600,000 ($650,000) loan from Invest International to expand its electric vehicle leasing fleet and fast-charging network in Kenya, the company said on Tuesday.
The financing, provided through the Dutch Good Growth Fund (DGGF), will support the rollout of additional vehicles and public charging infrastructure as the firm scales operations across East Africa.
ETA, which launched its first vehicles and charging sites following an earlier funding round in May last year, is now serving commercial clients in sectors including tourism, logistics and security.
The company offers electric vehicles through an EV-as-a-Service model, bundling financing, maintenance, insurance and charging access into a single package aimed at lowering upfront costs for businesses transitioning from internal combustion engines.
“Electric mobility in Kenya has moved beyond the pilot phase and is now proving its economic viability,” co-founder Wout van Blommestein said, citing volatile fuel prices, urban air pollution and the country’s largely renewable power mix.
Co-founder Dennis Kant said the funding would help accelerate growth and position electric transport as a mainstream option for businesses. He added that the company aims to raise additional capital in the coming months.
Invest International said ETA’s model aligns with its focus on sustainable mobility and climate-oriented investments.
“ETA has a strong team, a solid group of investors and has already demonstrated promising traction in Kenya,” said Erik Pentinga, an investment manager at the Dutch firm.
Kenya has emerged as one of Africa’s early adopters of electric mobility, supported by a growing ecosystem of startups, policy incentives and relatively clean electricity generation.
ETA said it plans to expand its footprint across the region as demand for cost-efficient and low-emission transport solutions rises.
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