NCBA Targets Green Transport Growth with ePureMotion Electric Mobility Financing Deal

NCBA Group has partnered with electric mobility company ePureMotion to expand access to electric vehicles (EVs) through tailored asset financing solutions aimed at individuals, businesses and public transport operators.

The partnership seeks to address one of the biggest barriers slowing electric mobility adoption in Kenya, the high upfront cost of acquiring electric vehicles, by providing flexible financing options designed around different customer segments.

Through the agreement, qualifying salaried customers purchasing ePureMotion passenger vehicles for private use can access up to 100 percent financing, with repayment periods of up to 72 months, subject to eligibility and credit assessment.

The financing solution also targets Kenya’s public transport sector, with individual Public Service Vehicle (PSV) SACCO members able to access up to 90 percent financing for 16-seater electric matatus, repayable over a period of up to 60 months.

Existing PSV SACCOs and established PSV companies can access financing of up to 80 percent of the vehicle cost, with repayment periods extending up to 60 months depending on eligibility and credit approval.

NCBA Group said the partnership aligns with its strategy of using financial solutions to support sustainable economic growth while enabling customers to transition to cleaner transport technologies.

“At NCBA, we believe finance should unlock opportunities that create lasting impact. This partnership reflects our commitment to empowering our customers with innovative asset finance solutions that accelerate the adoption of sustainable mobility while supporting economic growth,” said Lennox Mugambi, NCBA Group Director of Asset Finance and Business Solutions.

ePureMotion Chief Executive Officer and Director Dr Gilbert Saggia said combining the company’s electric mobility expertise with NCBA’s financing capabilities would make electric vehicles more accessible to a wider market.

“By combining ePureMotion’s expertise in electric mobility with NCBA’s financing capabilities, we’re making electric vehicles more accessible and helping accelerate Kenya’s transition to cleaner, smarter transport,” said Dr Saggia.

NCBA Expands Electric Vehicle Financing Partnerships

The ePureMotion partnership forms part of NCBA’s wider strategy to grow electric mobility financing through collaborations with vehicle manufacturers and mobility providers. The bank has also developed financing arrangements targeting different segments of the EV market.

Through its partnership with Salvador Caetano, NCBA supports financing for premium electric vehicle buyers and corporate fleets, including models such as the Kia EV6, Hyundai IONIQ 5 and Hyundai Kona EV. Qualified customers under this arrangement can access up to 90 percent financing with repayment periods of up to 60 months.

The lender has also partnered with CFAO Mobility through Loxea to support corporate fleets, SMEs and commercial users requiring hybrid and electric vehicles. The financing solution provides up to 90 percent asset financing with repayment periods of up to 60 months.