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Originally published by The Standard Business
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February 8, 2026
1w ago

Eveready enters EV space with new financing product

Eveready enters EV space with new financing product

Eveready East Africa is transforming its business model from a traditional battery manufacturer to a key player in the green energy space with a new funding product for electric vehicles...

✨ Key Highlights

Eveready East Africa is pivoting from traditional battery manufacturing to become a significant player in the green energy sector, launching a new financing product for Electric Vehicles (EVs). This move, in partnership with EV Jumla, is part of a broader strategy to integrate clean energy solutions into its business model, aligning with national and global sustainability goals.

  • The new financing targets a major barrier to EV adoption: high upfront costs, providing flexible repayment structures for vehicles and integrated charging solutions.
  • Eveready's CEO, Sonia Karuma, stated the transformation reflects a commitment to making clean, affordable, and reliable energy accessible.
  • This initiative builds on Eveready’s partnership with the Regional Voluntary Carbon Market Company, announced at the June 2023 voluntary carbon credit auction in Nairobi, to develop quality carbon projects and unlock new revenue streams.

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