• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home African

Kenya’s First EV Taxi Service NopeaRide Shuts Down

Ibhadojemu Emmanuel by Ibhadojemu Emmanuel
November 30, 2022
in African, Start Up, Transport
Share on FacebookShare on Twitter

 

NopeaRide, Kenya’s first fully electric taxi service is leaving the market after its parent company EkoRent OY failed to secure additional funding to keep the business afloat. The company’s operations have come to an end following EkoRent, the local subsidiary of the Finnish company, filing for insolvency in Kenya.

NopeaRide’s parent EkoRent OY was founded in 2014 by Juha Suojanen to develop solutions based on electric vehicles and solar energy. NopeaRide launched in Kenya in 2018. NopeaRide aimed to pioneer the shift to more environmentally-friendly transport options. The company faced rivals like Uber and Bolt while it still operated. The company provided the charging network and offered apps to be used by drivers and passengers, and sourced the electric company. Drivers, however, had to arrange their financing frameworks.

In a statement, NopeaRide said that “We have taken our fleet of electric vehicles off the road and have notified our staff and corporate clients. We are now working with relevant authorities to ensure that our operations are wound up in accordance with local legislation. We would like to extend our deepest regret to our dedicated team of staff and drivers. We would also like to thank our loyal NopeaRide customers, corporate clients, and other partners who have supported NopeaRide’s vision for electric mobility in Africa.”

As of the time of its closure, NopeaRide grew the number of its vehicles from three to seventy and has a charging network across Kenya’s capital. It raised undisclosed funding in 2019, and €200,000 in 2021 with the aim of building more solar charging hubs and increasing its reach. Its business took a hit from the Covid-19 pandemic as everyone was in lockdown. “In the first half of 2022 our traffic numbers grew to about the same level as before Covid-19. We also started to put more effort in the corporate segment as their employees were returning to office and managed to sign contracts with a few big international companies, some of them potentially reserving the majority of available Nopea capacity. However, EkoRent OY went into insolvency in Finland and was unable to secure additional financing to grow the business in Nairobi to the next level,” the company said. 

Related Posts:

  • ios15-iphone-12-pro-settings-apple-id-password-security-account-recovery-add-recovery-contact
    Bolt Debut a Regional Ride-Hailing Hub in Nairobi.
  • kenya-power-CS-main
    Kenya Power Sets To Innovate The Domestic Market…
  • Unlimit-hero-TechCrunch-02-1024×683-1
    Unlimit Launched In Kenya To Diversify Fintech…
  • paystack licence
    Nigeria's Paystack Receives PSP License From Kenya's…
  • Umba Acquires Kenya’s Daraja MFB Owning 70% Shares Per the CBK Approval.
    Umba Acquires Kenya’s Daraja MFB Owning 70% Shares…
  • 1720771310391
    Spiro's Governmental Endorsement Will Deploy 140,000…
  • ID_Ver_Kenya_dab9a5368d
    YouVerify Set Up Shop In Kenya To Lead KYC Automation
  • 6B4515DF-8112-461D-A7C0-1A2395B475D1
    Fingo Neo-bank Infrastructure Debuts In…

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Tags: EVkenyaNopeaRidestartup
Ibhadojemu Emmanuel

Ibhadojemu Emmanuel

Ibhadojemu Lucky Emmanuel is a graduate of Education and Economics from the University of Benin. He has a passion for tech and business and has been writing professionally for over a period of five years. He's written across various topics and segments and knew tech-business was it when he first stumbled on it. He has a great passion for music and arts, and wants to visit as many countries as he can someday.

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • NCC Requires Telecoms to Compensate for 24-Hour+ Outages May 26, 2025
    • Vietnam Will Soon block Telegram, App Owners are Surprised May 24, 2025
    • Widespread Downtime Reported By X Users May 24, 2025
    • MongoDB Enters Africa Through Nigeria Targeting $100B Digital Market May 24, 2025
    • Meta Quest’s Headgear Will Soon Support 3D Instagram Images May 24, 2025
    • Mozilla To Shut Down Pocket To Concentrate On Firefox May 24, 2025

    Browse Archives

    May 2025
    MTWTFSS
     1234
    567891011
    12131415161718
    19202122232425
    262728293031 
    « Apr    

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok