NCBA and ePure Motion have entered into a strategic partnership aimed at accelerating the adoption of electric vehicles (EVs) in Kenya through flexible asset financing solutions for individuals, public transport operators and businesses.
The partnership will enable qualifying salaried customers purchasing ePure Motion passenger electric vehicles for private use to access up to 100 per cent financing with repayment periods of up to 72 months, subject to eligibility and credit assessment.
Read more here. For customers acquiring 16-seater electric matatus for Public Service Vehicle (PSV) operations, individual PSV SACCO members can obtain up to 80 per cent financing with repayment terms of up to 48 months. Existing PSV SACCOs and established PSV companies may qualify for up to 90 per cent financing repayable over 60 months.
Comprehensive electric mobility package
Under the Memorandum of Understanding (MoU), the two firms will collaborate to provide preferential asset financing terms, extended repayment periods for eligible customers, promotional dealer support on processing costs during the campaign period, flexible insurance options for selected customer segments, and integrated fleet financing models that may include charging infrastructure.
ePure Motion will also offer customers an all-inclusive electric mobility package featuring vehicle supply, charging solutions, aftersales services, fleet deployment support, and customer education.
Additional benefits include portable chargers, battery and motor warranties, free service plans, roadside rescue support, and discounted charging at ePure charging stations.
Supporting Kenya’s green transport transition
NCBA Group Director of Asset Finance and Business Solutions, Lennox Mugambi, said the partnership reinforces the bank’s commitment to sustainable economic growth through innovative financing solutions.
He noted that NCBA’s Asset Finance business commands more than 30 percent market share, adding that the collaboration will make electric vehicles more accessible while supporting the transformation of Kenya’s transport sector and helping customers achieve long-term cost savings.
ePure Motion CEO and Director Dr. Gilbert Saggia said electric mobility will grow faster when customers can access financing, vehicles, charging infrastructure, servicing and aftersales support through a single ecosystem.
He said the partnership addresses one of the biggest barriers to EV adoption by making the transition more affordable and accessible for both individuals and businesses. The collaboration comes as Kenya records rapid growth in electric mobility.
According to the National Electric Mobility Policy, registered electric vehicles increased from just over 1,300 in 2022 to more than 39,000 in 2025, reflecting rising demand for cleaner and more cost-effective transport solutions.
Kenya’s electricity grid is also well positioned to support the shift, with about 90 per, cent of the country’s electricity generated from renewable energy sources, making it one of the cleanest power systems globally.
The transport sector remains one of the country’s largest contributors to greenhouse gas emissions and accounts for approximately 72 per,cent of petroleum fuel consumption, highlighting the need for cleaner alternatives.
Driving wider EV adoption
The partnership builds on NCBA’s KES 2 billion Electric Vehicle Financing Programme and ePure Motion’s integrated electric mobility ecosystem.
By combining affordable financing, electric vehicle solutions, charging infrastructure and comprehensive aftersales support, the two companies aim to remove key barriers to EV adoption and make electric mobility more practical and commercially viable for individuals, businesses and fleet operators across Kenya.
