WhiteCap Green Mobility Programme

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Year: 2015

Location

Ghana

Sector

Green Mobility

Stage

Early revenue

Overview

WhiteCap Management Ltd is a Ghanaian project development and investment company focused on accelerating the transition to sustainable electric mobility. Through its Green Mobility Program, WhiteCap finances and deploys electric two-wheelers (E2Ws) and three-wheelers (E3Ws) using a zero-upfront-payment, lease-to-own model, making clean transportation more accessible and affordable.

The programme combines vehicle financing, fleet deployment, operational support and dedicated WhiteCap Service Centres providing maintenance and technical assistance. It also promotes inclusive economic opportunities through its Women in Commercial Riding (WCR) initiative, which equips women with access to electric vehicles, financing and practical training in road safety, entrepreneurship and financial management.

By replacing fossil-fuel-powered vehicles with electric alternatives, WhiteCap aims to reduce operating costs and carbon emissions while creating green jobs and supporting productive asset ownership.

WhiteCap is currently scaling its operations across Ghana and seeking growth capital to expand its electric vehicle fleet, lease-to-own financing portfolio, service centres and working capital, contributing to the development of a commercially sustainable and inclusive electric mobility ecosystem.

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Investment Needs

$10 000 000,00

Investment Project Type:

Equity, Debt or Blended Finance

Invested Value to Date:

$1 600 000,00

Funding Gap:

$8 400 000,00

Climate Classification:

Mitigation

Why Investing

Zero-Upfront Financing with a Path to Ownership

WhiteCap enables eligible customers to access electric vehicles without upfront payment through a lease-to-own model, allowing them to generate income, make repayments and ultimately own their vehicles.

Technology-Enabled Financing & Operational Support

IoT-enabled asset monitoring strengthens vehicle and repayment management, while dedicated service centres provide maintenance, technical and operational support throughout the financing period.

Scalable & Inclusive Electric Mobility Model

WhiteCap combines vehicle financing with its Women in Commercial Riding programme, offering practical training, road safety and entrepreneurship support. Its five-year target of 100,000 electric two-wheelers and 100,000 three-wheelers provides a pathway to scale cleaner commercial transport in Ghana.

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