Wahu Mobility, the fully integrated electric vehicle (EV) platform has partnered with Letshego, the pan-African retail financial services company to accelerate electric vehicle ownership in Ghana. Through this partnership, Letshego Ghana will provide innovative financing solutions to Wahu Mobility’s end customers.
EV financing is crucial in Ghana and across Africa because it addresses one of the primary barriers to adopting electric mobility: high upfront costs. Electric vehicles, including motorbikes and e-scooters, are expensive, starting at around $2,000—often out of reach for many individuals, especially gig workers and small business owners who rely on providing delivery services to earn a living. Financing solutions tailored for EV purchases in Africa would open up ownership for many more people, promoting a transition to sustainable transportation.
Founded by Valerie Labi and Toni Heigl in 2022, Wahu Mobility is pioneering Africa’s EV ecosystem by locally manufacturing eco-friendly eBikes at their completely knocked down plant. Their signature Wahu eBikes connect delivery riders to digital platforms, offering access to flexible payment plans, affordable maintenance, insurance, and other financial services.
With Africa’s EV market projected to grow from $11.94 billion to $21.39 billion by 2027, Wahu Mobility is positioned to lead the way.
