M-KOPA has financed more than 10,000 electric motorbikes in Kenya and is expanding its electric mobility financing to include electric tuk-tuks, the company said in a media statement dated 7 September 2026 in Nairobi.

The milestone signals growing adoption of electric two-wheelers among riders seeking lower operating costs compared with petrol-powered motorcycles, while the tuk-tuk expansion targets another large segment of Kenya’s public and commercial transport ecosystem that often faces limited access to affordable vehicle financing.

M-KOPA said its pay-as-you-go financing model allows riders and operators to spread the cost of electric vehicles over time, reducing the upfront capital required to acquire income-generating transport assets.

According to M-KOPA customer data, financed riders save an average of KSh530 per day due to lower energy and maintenance costs and access to battery-swapping infrastructure. Across more than 10,000 financed motorcycles, the company estimates this equates to about KSh5.3 million in daily savings, or approximately KSh1 billion annually, assuming regular daily use.

“Reaching 10,000 financed electric motorbikes reflects growing demand from riders looking to lower operating costs and improve their earnings,” said Brian Njao, General Manager, Mobility, M-KOPA. “We are now applying the same financing approach to electric tuk-tuks, helping operators access cleaner, lower-cost vehicles without the burden of a large upfront payment.”

The expansion comes as tuk-tuks remain a major feature of last-mile transport and small business logistics in urban and peri-urban areas. M-KOPA cited estimates by the Kenya Tuk Tuk Operators Network of more than 250,000 registered tuk-tuks, 750,000 active drivers, and 250,000 owners and investors. The operator network says access to affordable finance is a key challenge for those seeking to acquire or upgrade vehicles.

For Kenya’s business landscape, the move underscores a broader shift toward asset-backed credit models tailored to informal and semi-formal earners, particularly within transport. Electric vehicles (EVs) in commercial use cases such as boda boda and tuk-tuk operations are increasingly evaluated through total cost of ownership—energy, maintenance, and downtime—rather than purchase price alone. Financing structures and charging or swapping networks are likely to determine the pace of adoption.

M-KOPA also linked its expansion to Kenya’s National Electric Mobility Policy, which provides a framework for investment and private-sector participation in electric mobility. The company noted that incentives under the policy include zero-rated VAT on electric buses, bicycles, motorcycles and lithium-ion batteries, as well as zero excise duty on electric bicycles, motorcycles and lithium-ion batteries.

The company said it finances electric motorcycles from manufacturers including Ampersand, Roam and Spiro, and has partnered with Bolt to expand access through financing and rider incentives. It added that customers receive M-KOPA Cares, which includes flexible repayments, insurance, GPS tracking, security features and warranty protection.

Looking ahead, M-KOPA said the next phase of its mobility strategy will focus on expanding customer access, partnerships and financing across Kenya’s growing electric transport ecosystem, as the market tests how quickly EV financing can scale beyond motorcycles into higher-capacity commercial vehicles such as tuk-tuks.