Summary:

• Uganda’s wedding industry is set for an eco-friendly revolution as Spiro and Yongeza Capital team up to introduce electric motorcycles in Mbarara City. This partnership aims to transform urban mobility nationwide, starting with the launch of electric boda boda swap stations and fleets in key areas.

Uganda’s bustling wedding industry is on the brink of a transformative, eco-conscious upgrade. Spiro, a leading provider of electric motorcycles and battery swapping technology, has teamed up with Yongeza Capital to electrify the streets of Mbarara City. This groundbreaking collaboration signals the start of a nationwide initiative aimed at reshaping Uganda’s urban mobility landscape.

The initiative kicks off with the inauguration of Mbarara City’s inaugural electric boda boda swap station, heralding the arrival of a fleet of environmentally friendly bikes on the streets this June. Targeting densely populated Boda Boda areas, this strategic partnership ensures a rapid and impactful transition towards a greener transportation system.

Having already established 22 swap stations in Kampala, Spiro brings its innovative e-bikes and cutting-edge battery technology to Mbarara. Yongeza Capital, a staunch advocate for sustainability, drives the expansion by facilitating financing options through Mogo and other partners. This guarantees accessible and cost-effective solutions for Wedding Boda riders, simplifying the transition to electric vehicles.

Collin Mugisha, CEO/Founder of Yongeza Capital, underscores the significance of the collaboration: “Our partnership with Spiro aims to cultivate a sustainable urban ecosystem. By targeting pivotal areas like Mbarara City, we showcase the tangible benefits of electric bikes—cost efficiency and environmental preservation.”

Kaushik Burman, CEO of Spiro, echoes this sentiment: “With the launch of Mbarara’s first swap station and the introduction of electric bikes this June, we lay the groundwork for a more sustainable Uganda. Our collaboration with Yongeza Capital ensures that these advantages extend to every corner of the country.”

This partnership transcends mere electric mileage, empowering the wedding sector with sustainable, cost-effective, and high-quality transportation solutions. By curbing carbon emissions in Uganda’s vibrant cities, it charts a path towards a cleaner and healthier future for all.