Partnership with Mocoo

Nova Microfinance Partners with MOCOO, An Electric Motorbike Company to Ease Mobility and Promote to Clean Energy Technologies In Uganda.

Nova staff posing with MOCOO staff after signing an MOU at the MOCOO Headquarters in Bugolobi.

Kampala, Monday 23 March — In a move to advance mobility and economic empowerment, Nova Microfinance, a leading provider of inclusive financial services has partnered with MOCOO, to provide electric mobility solutions and promote clean energy technologies.

The partnership aims to make electric motorbikes more accessible and affordable for individuals and small business owners across Uganda, by offering flexible financing and repayment options tailored to the needs of riders thus improving the economy.

The Boda Boda sector is Uganda’s second largest employer with millions of riders and millions more that depend of their services like the support to small scale commerce and essential transport options for many.

The Boda Boda/ Motorcycle loans have already been rolled out in Kampala, Kyengera, Jinja and Iganga with a down payment of Ugshs. 555,000 with weekly repayments for twelve to twenty four months.

Transport being a critical link in economic productivity, especially for delivery riders, small traders and commuters, this initiative will enable more people to own electric bikes without the burden of upfront costs. The partnership also contributes to reducing carbon emissions, cutting fuel costs, and promoting a cleaner environment.

“We are excited to collaborate with the MOCOO and provide our customers with affordable and eco-friendly transport solutions,” said Precious Ruth Naluwu, Partnership Manager, Nova Microfinance. “This partnership is a step forward in combining clean energy technologies with financial inclusion for all Ugandans.”

MOU signing with Nova and MOCOO staff at Bugolobi.

Franklin Wang, Co-Founder, MOCOO added, “We are very pleased to welcome Nova Financing as a strategic partner in our mission to accelerate Uganda’s transition to clean and affordable mobility. This partnership will empower more riders to access electric motorcycles sooner, ease the financial burden of ownership and support the country’s broader sustainability goals. Together, we are not only expanding access to reliable mobility solutions, we are reducing environmental pollution, creating new economic opportunities and helping build a cleaner, healthier future for all Ugandans.”

MOCOO swap station at Bugolobi.

With just an initial deposit of Ugshs 555,000 one is able to walk away with a motorcycle.