NCBA Bank has partnered with ePureMotion to expand electric vehicle (EV) adoption in Kenya through flexible financing solutions for individuals, SACCOs, fleet operators and businesses. The collaboration combines vehicle financing, insurance, charging infrastructure and aftersales support to reduce the cost of EV ownership while supporting Kenya’s clean transport ambitions.
Key Overview
- NCBA and ePureMotion launch tailored financing for electric vehicles.
- Salaried customers can access up to 100% financing for passenger EVs.
- PSV SACCOs and fleet operators qualify for financing of up to 90%.
- Partnership combines financing, charging, insurance and aftersales support.
- Initiative supports Kenya’s growing electric mobility transition.
NCBA, ePureMotion Partner to Boost EV Adoption
NCBA Bank has signed a strategic partnership with electric mobility company ePureMotion to make electric vehicles (EVs) more accessible in Kenya through tailored asset financing solutions designed to accelerate the country’s transition to cleaner transportation.
The collaboration combines affordable financing with integrated mobility services, helping reduce one of the biggest barriers to EV adoption—the high upfront purchase cost.
Flexible Financing for Individuals and Businesses
Under the partnership, qualifying salaried customers purchasing ePureMotion passenger electric vehicles for private use can access up to 100% financing with repayment periods of up to 72 months, subject to credit approval.
The financing programme also targets Kenya’s public transport sector.
Individual members of Public Service Vehicle (PSV) SACCOs purchasing 16-seater electric matatus will be eligible for up to 80% financing with repayment terms of up to 48 months. Existing PSV SACCOs and established PSV companies may qualify for up to 90% financing, repayable over 60 months, subject to eligibility requirements.
Beyond vehicle financing, the agreement includes preferential asset financing terms, subsidised processing fees during promotional periods, flexible insurance options and integrated fleet financing packages that may include charging infrastructure where required.
Integrated EV Mobility Ecosystem
As part of the partnership, ePureMotion will provide customers with more than just electric vehicles.
Eligible buyers will receive access to charging solutions, aftersales support, fleet deployment guidance and customer education through an integrated mobility package. The package also includes portable chargers, battery and motor warranties, complimentary service plans, roadside assistance and discounts at ePure charging stations.
By combining financing, charging infrastructure and aftersales services, the partners aim to deliver a complete EV ownership experience that makes electric mobility more practical for both individuals and commercial operators.
Leaders Highlight Long-Term Benefits
Speaking during the signing ceremony, NCBA Group Director of Asset Finance and Business Solutions Lennox Mugambi said the partnership demonstrates the bank’s commitment to supporting sustainable economic growth through customer-focused financing solutions.
He noted that NCBA’s Asset Finance business currently commands more than 30 percent market share, adding that making electric vehicles more affordable will support Kenya’s transport transformation while helping customers reduce long-term operating costs.
ePureMotion Chief Executive Officer Dr. Gilbert Saggia said electric mobility will scale much faster when customers can access vehicles, financing, charging infrastructure, servicing and aftersales support through one integrated ecosystem.
According to Saggia, the collaboration removes one of the largest barriers to EV adoption by making the transition simpler, more structured and financially accessible.
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Supporting Kenya’s Clean Transport Transition
The partnership comes as Kenya’s electric mobility market continues to expand rapidly.
According to Kenya’s National Electric Mobility Policy, the number of registered electric vehicles has increased from just over 1,300 units in 2022 to more than 39,000 by 2025, reflecting growing consumer and business interest in cleaner transportation.
Kenya is well positioned to support this transition, with approximately 90% of its electricity generated from renewable energy, giving the country one of Africa’s cleanest electricity grids.
At the same time, transport remains one of Kenya’s largest sources of greenhouse gas emissions and accounts for roughly 72 per cent of petroleum fuel consumption, highlighting the importance of expanding cleaner transport alternatives.
Building a Sustainable Finance Portfolio
The partnership forms part of NCBA’s broader KES 2 billion Electric Mobility Financing Programme, which seeks to accelerate EV adoption while supporting Kenya’s environmental and climate goals.
As financial institutions increasingly incorporate sustainability into lending strategies, integrated financing solutions such as this are expected to play an important role in expanding access to electric mobility for households, businesses and fleet operators.
By combining affordable financing, vehicle solutions, charging infrastructure and aftersales support, NCBA and ePureMotion aim to make electric mobility more accessible while supporting Kenya’s long-term transition to a cleaner, lower-carbon transport system.
Outlook
Kenya’s electric mobility sector is expected to continue expanding as financing, charging infrastructure and supportive government policies improve. Partnerships between financial institutions and EV providers are likely to become increasingly important in reducing adoption barriers and encouraging investment in cleaner transport. With renewable electricity already supplying most of Kenya’s power, wider EV adoption could help lower transport emissions, reduce fuel costs and strengthen the country’s transition toward a more sustainable mobility ecosystem.
FAQs
1. What does the NCBA–ePureMotion partnership offer?
The partnership provides tailored financing, insurance, charging solutions and aftersales support to make electric vehicle ownership more affordable in Kenya.
2. How much financing is available?
Eligible salaried customers can access up to 100% financing for passenger EVs, while PSV SACCOs and fleet operators may qualify for 80–90% financing, depending on eligibility.
3. What additional benefits are included?
Customers may receive charging equipment, battery and motor warranties, roadside assistance, service plans, charging discounts and fleet support services.
4. Why is this partnership important for Kenya?
It helps reduce financial barriers to EV ownership, supports Kenya’s clean transport goals and complements the country’s renewable electricity system, which already generates about 90% of its power from renewable sources.
Sources: TechAfrica News, Bizna Kenya, Streamline Feed
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