M-KOPA has financed more than 10,000 electric motorcycles in Kenya as the company moves to expand its electric mobility financing business to tuk-tuks.
The milestone marks a significant growth point for the company's pay-as-you-go electric mobility business, with M-KOPA positioning affordable financing as a way of helping riders overcome the high upfront cost of acquiring electric vehicles.
The company announced the expansion on Monday, September 7, 2026, saying electric tuk-tuks would now be included in its financing offering to operators in Kenya's public and commercial transport sector.
M-KOPA's model allows riders and operators to spread the cost of electric vehicles over time instead of paying the full purchase price upfront.
According to customer data provided by the company, riders using its financed electric motorcycles save an average of Ksh530 per day through lower energy and maintenance costs, as well as access to battery-swapping infrastructure.
Across more than 10,000 financed motorcycles, the company estimates this translates to about Ksh5.3 million in combined daily savings based on regular daily use.
“Reaching 10,000 financed electric motorbikes reflects growing demand from riders looking to lower operating costs and improve their earnings,” M-KOPA General Manager, Mobility, Brian Njao, stated.
“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,” he added.
The company is targeting the tuk-tuk sector at a time when three-wheelers remain an important part of Kenya's urban and rural transport network.
M-KOPA, citing estimates from the Kenya Tuk Tuk Operators Network, stated that Kenya has more than 250,000 registered tuk-tuks, with about 750,000 active drivers and 250,000 owners and investors.
The company noted that access to affordable financing remains a challenge for operators seeking to acquire new vehicles or upgrade existing ones.
Electric tuk-tuks are increasingly being positioned as an alternative to petrol-powered vehicles, particularly because of their potential to lower energy and maintenance expenses.
M-KOPA's expansion also comes against the backdrop of Kenya's efforts to accelerate the adoption of electric vehicles. The National Electric Mobility Policy provides a framework for investment and private-sector participation in the sector, while tax incentives include zero-rated VAT on electric buses, bicycles, motorcycles and lithium-ion batteries. The policy also provides for zero excise duty on electric bicycles, motorcycles and lithium-ion batteries.
M-KOPA currently finances electric motorcycles from manufacturers including Ampersand, Roam and Spiro. It has also partnered with Bolt to expand access to electric motorcycles through financing and rider incentives.
Customers financing the vehicles through M-KOPA also receive additional services under its M-KOPA Cares programme, including flexible repayments, insurance, GPS tracking, security features and warranty protection.
The company stated that its next phase would focus on expanding customer access, partnerships and financing across Kenya's electric transport ecosystem.
The move could further increase competition in Kenya's emerging electric-mobility market as financing providers and vehicle manufacturers seek to tap into the country's large motorcycle and three-wheeler transport sectors.
