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Bisedge secures €10 million ($11.2M) debt financing from Finnfund to expand electric logistics across Africa.
Amount Raised
$11.2 Million
Round Type
Debt Financing
Investors
Description
African electric logistics company Bisedge has secured €10 million ($11.2 million) in debt financing from Finnfund, Finland's development finance institution, to expand its electric industrial equipment operations across Africa. The investment marks Finnfund's first electric vehicle financing deal in Africa and establishes a strategic partnership with Swedish impact investment platform Trine. The funding will support Bisedge's expansion of electric forklift fleets in Nigeria, Kenya, and Tanzania, helping businesses transition from diesel-powered equipment to cleaner alternatives. Founded in Lagos in 2020 and headquartered in Mauritius, Bisedge provides electric material-handling equipment and logistics services through a Zero CapEx model.
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Bisedge raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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