M-KOPA has expanded its pay-as-you-go electric vehicle financing business to electric tuk-tuks in Kenya after financing 10,000 electric motorcycles, widening its push to make electric mobility accessible to commercial drivers.
The expansion takes M-KOPA beyond two-wheelers into the three-wheeler market, where tuk-tuks are widely used for passenger transport and small-scale commercial activities.
Brian Njao, M-KOPA’s General Manager for Mobility, disclosed the 10,000-motorcycle milestone as the company moves to apply its asset-financing model to another category of electric vehicles.
Brandspur Brand News reports that the development could give more commercial transport operators an alternative route to acquiring electric vehicles without bearing the full purchase cost upfront.
M-KOPA said customers using its electric mobility offering save an average of Sh530 daily through lower energy and maintenance expenses, alongside access to battery-swapping infrastructure. The savings figure is based on the company’s own assessment of its customers.
The financing model is particularly relevant to drivers whose earnings depend on their vehicles but who may struggle to meet the initial cost of switching from conventional petrol-powered motorcycles or tuk-tuks to electric alternatives.
M-KOPA currently finances electric motorcycles supplied by manufacturers including Ampersand, Roam and Spiro, combining vehicle financing with the growing network of electric mobility providers operating in Kenya.
Also read: https://brandspurng.com/2026/07/23/m-kopa-reaches-10-million-customers-across-5-markets/
Its move into electric tuk-tuks comes as Kenya implements its National Electric Mobility Policy, designed to encourage the adoption and local development of cleaner transport technologies.
Government incentives supporting the transition include zero-rated Value Added Tax on electric motorcycles, electric buses and lithium-ion batteries, reducing some of the tax costs associated with electric mobility.
For commercial riders, operating costs remain an important part of the transition. Electric motorcycles can reduce expenditure on fuel and some routine maintenance, while battery-swapping systems allow riders to exchange depleted batteries rather than keep their vehicles idle for lengthy charging periods.
Reaching 10,000 financed electric motorcycles gives M-KOPA a larger base from which to extend that financing model to three-wheelers, opening another segment of Kenya’s commercial transport market to electric vehicles.
