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Best ESG Stocks in India AI Driven Investment Advice ✌️【Return Potential】✌️ Real-time global stock, futures, and forex data to help you quickly assess market trends and achieve stable returns. Spiro’s goal is not only “to reduce pollution sources, but to eliminate them,” Samain tells 【 - Free Stock Market Insider Analysis 】. Once an old bike has been traded in, the parts will be recycled and repurposed, he explains, adding that the company has held “crushing events” in both Benin and Togo, where motorized vehicles are publicly flattened before the material is reused.

Best ESG Stocks in India AI Driven Investment Advice ✌️【Return Potential】✌️ Free stock selection service with professional advisors offering the best investment portfolio for stable growth. The process for drivers differs between countries. In Kenya, they will be offered 50,000 Kenyan shillings (about $344) – around a third of the price of a new electric bike – to swap their existing bike for an electric one. They can then pay a daily subscription of around 255 Kenyan shillings (about $2) which repays the outstanding balance and gives drivers access to battery-swap stations, where they can quickly switch out depleted batteries for fully charged ones.

Best ESG Stocks in India AI Driven Investment Advice ✌️【Return Potential】✌️ Real-time global stock trend and futures data to help you plan investment strategies for long-term returns. Not only does the scheme reduce the number of petrol and diesel vehicles on the road and associated air pollution, but it also cuts costs for drivers in both fuel and maintenance, according to the company. The startup notes that some of its motorbike taxi drivers have reported profits rising from around $6 to $11 a day since joining the scheme.

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Best ESG Stocks in India AI Driven Investment Advice ✌️【Return Potential】✌️ Free stock data analysis to help you select stocks accurately and capture market trends. The report adds that battery-swapping initiatives are key in making electric two-wheelers more affordable, because when an electric motorcycle is sold without the battery, it significantly reduces the initial purchase price.

But for battery-swapping to work, there needs to be “reliable and accessible charging infrastructure,” says Samain. “Before distributing the first bike, we build a network of swapping stations, and they aren’t placed randomly: we carefully study the terrain and position our swapping stations in both urban and rural areas, ensuring extensive coverage.”

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Kenya’s president William Ruto, speaking in the coastal city of Mombasa at the launch of the initiative, said: “It creates jobs and transfers knowledge, technology and skills to our market in a very sustainable way.”

Best ESG Stocks in India AI Driven Investment Advice ✌️【Return Potential】✌️ Free global stock market data to help you plan the best investment strategies and seize market opportunities. According to theFIA Foundation, there were 27 million motorbikes registered in sub-Saharan Africa in 2022, rising from just 5 million in 2010, with around 80% of them used in the motorcycle taxi industry. The demand for two-wheelers is expected to grow even further, witha report from management consulting firm McKinseyestimating that electric and petrol motorbikes will make up over 45% of sub-Saharan Africa’s overall vehicle fleet by 2040.

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But the scale of Spiro’s Kenya expansion dwarfs all existing fleets. “We’re surpassing the symbolic but significant milestone of one million electric bikes signed with a government,” says Samain. The startup has its foot on the accelerator, and by 2030, he wants it to be operating in at least 10 African countries.

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