Bolt secures ROI from its investment in electric two-wheel vehicles in Kenya.

Ride-hailing company Bolt says it has achieved a milestone with its electric two-wheeler fleet surpassing 500 vehicles in Kenya.

The company said it could not have achieved this without its strategic partnerships with Fintech firm M-KOPA, as well as electric vehicle manufacturers Roam Electric and Ampersand.

Bolt now runs almost 50% of all electric vehicles in Kenya, which it claims to be the company’s largest fully electric fleet.

As part of the partnerships, new and existing drivers can lease Roam and Ampersand electric motorbikes at a discounted price compared to the current market rates.

The partnership, which transitioned from a pilot model to fully scaling up in December 2024, has seen rapid adoption, reinforcing the viability of electric bikes as a sustainable and cost-effective mobility solution in Kenya.

Bolt aims to expand the fleet to 1,500 vehicles by the end of 2025, to meet an increasing demand for electric bikes.

Dimmy Kanyankole, General Manager, Bolt Kenya and Tanzania, said: “The growth of our electric bikes fleet is not only sustainable but also offers a cost-effective way that allows drivers to have the ability to own these bikes and earn a living while at it.”

The initiative has also tested the resilience of battery swap infrastructure, revealing the need for additional battery capacity and charging stations in Nairobi.

“This is a promising indicator for the future of electric mobility not only in Kenya but also in Africa,” added Kanyankole. “With the right infrastructure and partnerships, we can scale these initiatives further, reducing costs, cutting emissions, and making sustainable transport more accessible across the continent.”