NCBA Bank Partners ePureMotion to Expand Electric Vehicle Financing in Kenya
Under the partnership, qualifying salaried customers purchasing ePureMotion passenger electric vehicles for private use will be eligible for up to 100% financing, with repayment periods of up to 72 months, subject to credit assessment and eligibility requirements.
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 aimed at accelerating the country’s transition to sustainable transport.
Under the partnership, qualifying salaried customers purchasing ePureMotion passenger electric vehicles for private use will be eligible for up to 100% financing, with repayment periods of up to 72 months, subject to credit assessment and eligibility requirements.
The financing package also targets Kenya’s public transport sector. Individual members of Public Service Vehicle (PSV) SACCOs purchasing 16-seater electric matatus can access 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 a period of up to 60 months, subject to approval.
Commenting on the partnership, Lennox Mugambi, NCBA Group Director for Asset Finance and Business Solutions, said the initiative reflects the bank’s commitment to providing innovative financing solutions that support the adoption of sustainable mobility while contributing to economic growth. He noted that access to finance is critical to enabling more individuals and businesses to invest in cleaner transportation technologies.
Dr. Gilbert Saggia, Chief Executive Officer and Director of ePureMotion, said combining the company’s expertise in electric mobility with NCBA’s financing capabilities will help make electric vehicles more affordable and accelerate Kenya’s shift toward cleaner and smarter transport solutions.
The partnership forms part of NCBA’s broader commitment to sustainable finance, including its KES 2 billion e-mobility financing programme. The bank said the initiative is intended to support wider adoption of electric vehicles, create long-term value for customers and communities, and contribute to Kenya’s environmental and climate sustainability goals.
