Ecowaka, a Nigerian electric mobility company focused on clean transport solutions, has entered into a partnership with GreenMax Capital Group to support expanded access to financing for electric three-wheelers (e-kekes) in Nigeria.
The collaboration aims to address one of the largest barriers to electric vehicle adoption across African markets: the high upfront cost of vehicle acquisition. Through the partnership, eligible drivers, fleet operators, cooperatives, and small businesses will be able to access financing options designed to reduce initial payment requirements and support repayment over time, according to a statement by the company.
The initiative is being supported through the Green-for-Access First Loss Facility (G4A), a blended finance platform managed by GreenMax Capital Group that helps unlock financing for distributed renewable energy and electric mobility technologies in emerging markets.
Ecowaka has successfully deployed 10 electric three-wheelers, marking a significant operational milestone in the company’s journey toward cleaner, more efficient urban mobility.
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