Yongeza Capital

Yongeza Capital, based in Uganda, is a company dedicated to providing electric mobility solutions, including eco-friendly e-bikes and battery swap stations, aimed at fostering sustainable urban transportation. Founded in 2024, Yongeza Capital specializes in electric mobility solutions tailored for African urban environments. The founder's specific history is not detailed, and there are no known parent companies or subsidiaries. The firm has completed one deal as of February 3, 2026.

Yongeza Capital focuses on electric mobility solutions aimed at fostering cleaner, sustainable urban environments. Their primary offerings include eco-friendly e-bikes and an extensive network of battery swap and charging stations. Designed specifically for African urban infrastructure, these electric bikes can travel up to 80 kilometers on a single charge and are built to withstand local road conditions, catering to commuters seeking cost-effective and environmentally friendly transportation alternatives. The swap stations allow users to exchange batteries in under one minute, thereby addressing common concerns associated with electric vehicle charging times.

Yongeza Capital primarily serves urban populations in Uganda, providing essential mobility solutions to individuals and businesses seeking to reduce transportation costs and carbon emissions. Yongeza Capital generates revenue through direct-to-consumer sales of e-bikes and charging services facilitated at their swap stations. Customers can purchase e-bikes, which may come with options for purchasing or subscribing to battery plans that enable frequent battery swaps at designated stations. The transaction structure is designed for individual users, as well as partnerships with organizations looking to incorporate electric mobility into their fleets.

The pricing for individual e-bikes and battery swap services reflects the company's commitment to affordability, significantly reducing daily transportation expenses for users. The anticipated expansion of their services, particularly with the integration of solar-powered stations by 2025, positions Yongeza Capital to capture a larger market share in Uganda's evolving e-mobility landscape. In February 2026, Yongeza Capital raised Seed funding from new investor Holocene. The company will use the funding to support its growth and expansion plans initiatives.

Future product developments aim to include new electric bike models and an increase in the number of battery swap stations. Yongeza Capital is also considering expansion into neighboring countries, specifically targeting markets in East Africa by 2027.