Kenyan electric vehicle (EV) startup Enzi Mobility has entered into a landmark partnership with blockchain-enabled investment firm Kula, securing $2 million in equity funding and an additional $1.5 million in blockchain technology support.
The collaboration marks a powerful intersection of clean transport and digital finance, designed to accelerate Africa’s transition toward sustainable mobility.
“Partnering with Kula brings both the capital and the blockchain governance rails we need to accelerate Enzi’s mission,” said Bill Schafer, CEO of Enzi Mobility. “This investment validates our vision of putting motorcycle riders at the centre of clean, affordable, and scalable transport solutions.”
Enzi Mobility: Driving the Electric Future from Nairobi
Founded to revolutionize urban mobility, Enzi Mobility focuses on providing affordable electric motorbikes and battery-swapping infrastructure that allow riders to exchange depleted batteries for charged ones within minutes.
The company’s model targets Kenya’s growing population of boda-boda (motorcycle taxi) riders, estimated at 1.2 million nationwide, who are responsible for nearly 60% of last-mile transport in urban and peri-urban areas.
By offering zero-emission rides and cutting daily operational costs for riders, Enzi is spearheading East Africa’s journey toward clean, inclusive, and economically empowering mobility.
Schafer says Enzi’s approach is not only about sustainability but also “economic empowerment and rider participation,” key principles that set it apart from traditional transport models.
Kula: The Blockchain Investor Redefining Impact Capital
Kula, the investment partner, is a blockchain-enabled impact investment company that focuses on frontier markets, economies that show high growth potential but remain underserved by global finance.
The firm blends structured finance, tokenized governance, and real-time impact tracking to ensure transparency and accountability in its investments.
“This partnership with Enzi Mobility exemplifies what Kula was built to do, align capital, governance, and community impact in a way that brings structure and confidence to emerging investment ecosystems,” said Chris Turner, co-founder and group director of Kula.
Through its blockchain technology stack, valued at $1.5 million, Kula aims to provide Enzi with both the funding and digital infrastructure to scale efficiently while keeping every stakeholder, from investors to riders, informed and engaged.
The Deal: Capital Meets Community Governance
Under the agreement, Kula’s $2 million cash investment will be disbursed in stages, tied to Enzi’s achievement of specific commercial and operational milestones.
The partnership also introduces a blockchain-enabled impact dashboard, allowing for real-time tracking of Enzi’s progress against key environmental, social, and governance (ESG) indicators.
This structure provides transparency for investors, regulators, and community members, ensuring that both financial and social returns are measurable and verifiable.
For Kenya, where transport contributes nearly 13% of the national carbon emissions, according to Statistics, this investment framework represents a tangible route toward cleaner, smarter, and more inclusive mobility solutions.
Blockchain Integration: Transparency as a Growth Engine
At the heart of this collaboration lies blockchain integration, which will digitize Enzi’s governance, impact tracking, and stakeholder participation.
By deploying Kula’s blockchain tech stack, Enzi will establish a verifiable and tamper-proof record of its environmental and financial progress.
The system will also host a public-facing impact dashboard, providing insight into Enzi’s emission reductions, rider earnings, and community outcomes.
This blockchain-powered transparency aims to enhance investor confidence and attract global partners seeking traceable, sustainable investments in Africa’s emerging clean-energy markets.
Two Tokens, One Vision: Empowering the Riders
In a pioneering move, Kula will help Enzi launch two digital tokens, $ENZI and $BODA, to create participatory and reward-driven engagement across its ecosystem.
The $ENZI token will serve as a governance token, giving riders, staff, and community members voting rights on company decisions, while the $BODA token functions as a rewards token, offering riders tangible benefits such as service discounts or loyalty bonuses.
This dual-token system is designed to give riders not just income, but a stake in the company’s growth, redefining what ownership looks like in Africa’s transport economy.
Turner describes this as “a governance model where last-mile delivery and taxi riders and their communities have real economic participation, the very heart of what we are focused on delivering through Kula.”
Why This Matters: Africa’s Clean-Tech Inflection Point
The Enzi–Kula partnership arrives at a crucial moment for Africa’s mobility sector. The continent’s demand for sustainable urban transport is projected to grow by 40% by 2030, according to the International Energy Agency (IEA), with Kenya leading East Africa’s EV revolution.
As fuel costs rise and governments tighten emission policies, EV startups like Enzi offer a model for affordable decarbonization and inclusive growth.
By embedding blockchain transparency and community ownership into its operations, Enzi is not only attracting investors but also reshaping Africa’s macroeconomic narrative, from one driven by external finance to one rooted in local participation and digital innovation.
With $3.5 million in financial and technological backing, Enzi Mobility now stands as a test case for how African innovation, clean energy, and blockchain finance can intersect to drive a fairer and more sustainable urban future.
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