NAIROBI, Kenya, July 17 – NCBA Bank has entered into a financing agreement with ePure Motion, a distributor of electric vehicles (EVs) to finance the purchase of EVs for Kenyans.
Under the deal, the lender will provide asset financing for individuals, public transport operators and fleet owners with up to 100 percent of the vehicle cost.
NCBA Group Director of Asset Finance and Business Solutions Lennox Mugambi said the financing package is intended to support broader adoption of electric mobility by making vehicle purchases more affordable for households and businesses.
“This partnership demonstrates NCBA’s commitment to fostering sustainable economic growth through innovative and customer-focused financing options,” said Mugambi.
“Our Asset Finance business has maintained market leadership with over 30 per cent market share, a position built through strong partnerships, customer-focused innovation, and a deep understanding of evolving mobility needs.”
The collaboration comes as Kenya records steady growth in electric mobility.
According to the National Electric Mobility Policy, the number of registered EVs increased from about 1,300 in 2022 to more than 39,000 by 2025, driven by rising consumer demand, falling operating costs and expanding charging infrastructure.
Beyond vehicle financing, the partnership will combine lending with charging infrastructure, after-sales support and fleet deployment services offered by ePure Motion, providing an integrated package for customers adopting electric vehicles.
“Electric mobility will scale in Kenya when customers can access the vehicle, the financing, the charging, the service, and the aftersales support as one complete ecosystem,” said Gilbert Saggia, ePure Motion’s CEO on his part.
