Article - Powerhive Partners with 4G Capital to Advance Electric Mobility Agenda - 2024-03-26
- Communications
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- Title
- Article - Powerhive Partners with 4G Capital to Advance Electric Mobility Agenda - 2024-03-26
- Author
- Mastercard Foundation
- Year
- 2024
- Publication/Event Date
- March 26 2024
- Abstract
- This article, published on March 26, 2024, details the strategic partnership between Powerhive and 4G Capital in Kenya, to accelerate the adoption of electric mobility solutions. This initiative, supported by the Mastercard Foundation’s Jiinue Growth Program (JGP), aims to make electric motorcycles more accessible and affordable to underrepresented riders, specifically marginalized youth and female riders. Powerhive offers its 'Spark' electric motorcycle, while 4G Capital provides innovative financing under the JGP, allowing riders to save KES 80,000 or more on the purchase price. The plan also includes convenient battery swapping stations in Nairobi. This collaboration fosters economic empowerment and environmental sustainability by driving the transition to a cleaner future.
- Resource Subject
-
- Digital
- Technology
- Keywords/Access Points
- Powerhive;4G Capital; Kenya; electric mobility solutions; Jiinue Growth Program (JGP); marginalized youth; Women; economic empowerment; environmental sustainability
- Geographic Locations
-
- Kenya
- Language
-
- English
- Demographic Groups
-
- Women
- Youth
- Special Collections
-
- Foundation Corporate Announcements
- Archival Record ID
- MFA.2024.2382