Fika Mobility wants to electrify Kenya’s boda bodas and is confident that the unit economics will convince riders to transition quickly to Fika’s electric motorbikes. Rishi Kohli, Fika’s CEO and co-founder, reckons riders can save $609 per year by switching to Fika’s electric motorbikes. This will have a huge impact on their standard of living and will help them build up some savings.
The majority of the riders do not own their bikes. Most are employed by someone who owns the bike, while some riders lease bikes. These savings could put them in a better position to buy their own bikes on a rent-to-own model.
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