Overview

Solar Taxi Ltd is Ghana’s vertically integrated electric mobility company. Since 2018 we have designed, assembled, financed, deployed and serviced electric vehicles from our manufacturing campus at Prampram in Greater Accra, across three lines: electric two-wheelers, electric cars and electric buses.

We have deployed 654 electric vehicles, which have travelled 9,555,372 kilometres measured by on-vehicle telematics rather than estimated, avoiding approximately 1,191 tonnes of CO2e. We operate 53 charging points and employ 34 people, 61 per cent of them women and 90 per cent in technical roles.

The model works because we own every step. We assemble locally as a registered assembler under the Ghana Automotive Development Programme, which controls landed cost. We finance customers ourselves through TRUZT EV, our vehicle-access and embedded-finance platform, which scores drivers who have no payslip and no credit-bureau record using mobile-money flows, platform earnings history and vehicle telematics. We service what we finance through our own workshop network and an in-house battery laboratory. We charge through our own infrastructure.

Our customers include Bolt, Jumia, InterCity STC and Metro Mass. We share financing risk with Ecobank Ghana, Leasc Afric and Pesewa Group, and have raised US$3.3 million to date from Persistent Energy Capital, Kumasi Hive and Samata Capital.

This application concerns our electric car line. We are seeking US$3 million to finance electric cars placed with ride-hailing and corporate fleet drivers in Accra on lease-to-own terms, priced so the driver’s instalment sits below what they currently spend on fuel.

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