Wahu Mobility, the electric bike manufacturer, has opened its first electric vehicle (EV) assembly plant in Accra.
The company currently boasts over 100 e-bikes and aims to sell over 2000 bikes due to its expanded capacity. Wahu is localizing its knock-down assembly line and the manufacturing of various components. It seeks to achieve 50-80% parts localisation within 18 months.
Founded in 2022, Wahu Mobility resulted from the merger between Cargo Bikes and Mana Mobility by Valerie Labi and Toni Heigl, respectively. The company is at the forefront of transforming the on-demand delivery landscape, primarily focusing on empowering riders and drivers. It manufactures bikes designed for the African terrain and provides riders with a pathway to own e-bikes through flexible weekly payments through its Ride-to-Own service.
By leveraging electric-powered vehicles, the startup offsets carbon emissions and creates a cleaner, greener environment. Additionally, via its digital platform, Wahu extends a suite of services to empower the rider. These services include facilitating income generation opportunities, access to crucial information, promoting ride safety, and nurturing resilience among our rider community.
In 2023, Wahu Mobility secured a significant investment from Blue Lion, the family office of the German family Schörghuber Group, to expand its production capacity, invest in research and development, enhance its marketing efforts, and broaden its distribution network. It also scooped additional funding from Altree Capital.
Source: Wahu Mobility
