GreenShift Africa deploys Tradeable’s trade facilitation platform to pay the e-mobility companies’ OEMs up-front as required, while selling to the local resellers on differed payment terms that will be on a Delivered Duty Paid basis. The trade facilitation program takes the e-mobility company’s available cash as a down payment covering a portion of the order value.
GreenShift Africa deploys its own capital to multiply the purchasing power of the transaction. “We earn a margin on transaction which is determined depending on the size and metrics of the deal. While we prefer deal sizes of at least $1M in value, to help kick-start the e-mobility business, we are prepared to do transactions as low as $200-300K, particularly to support African-owned companies to compete and become first movers.
Using the resources of GreenMax and Tradeable, GreenShift Africa’s pilot phase expects to support the importation of $5M worth of EVs and batteries to East Africa across the next 6 months. “Our goal is to secure $50 million in blended capital over the next 24 months to support expansion of the program and decrease financing costs opportunities faced by each e-mobility enterprise.”
They add that GreenShift Africa’s planned $50 million investment in the e-mobility sector in East Africa is set to make a significant positive impact on several United Nations Sustainable Development Goals , bringing tangible benefits to people in the region.75,000 EVs imported and sold in East Africa150,000 direct and indirect jobs supported GreenMax adds that as the e-mobility space is a high-priority area for banks to fulfill their green finance goals, there is a strong willingness to engage.