Kenyan electric vehicle (EV) startup Enzi Mobility has entered a groundbreaking investment agreement with blockchain-enabled impact investment firm Kula, securing a total of US$3.5 million to accelerate its operations and technological innovation. The deal includes US$2 million in equity funding and an additional US$1.5 million in-kind contribution consisting of Kula’s blockchain technology stack.
Enzi Mobility, a leading provider of affordable electric motorcycles and battery-swapping infrastructure, is driving the transition toward sustainable urban transportation in East Africa. The company focuses on clean mobility, economic empowerment, and active rider participation, positioning itself as a pioneer in the region’s electric mobility sector.
Kula, a blockchain-enabled impact investment company, specializes in structured opportunities in frontier markets. By combining tokenized governance, real-time impact monitoring, and structured finance mechanisms, Kula enables investors and communities to generate sustainable value while maintaining transparency and accountability.
Under the terms of the landmark agreement, Kula’s investment will be deployed in stages, contingent upon Enzi achieving specific commercial and operational milestones. The partnership includes the creation of a blockchain-based impact dashboard, allowing real-time monitoring of key environmental, social, and governance (ESG) indicators. This transparent approach ensures that investors, regulators, and community stakeholders can track Enzi’s progress and contributions toward sustainable urban mobility.
In addition to funding and technology support, Kula will assist Enzi in introducing two digital tokens. The first, a “voting token” ($ENZI), will empower riders, employees, and community members to participate in company governance and decision-making processes. The second, a “rewards token” ($BODA), will provide riders with tangible benefits, creating an incentive-based ecosystem that rewards participation and engagement. This dual-token system aims to ensure that all stakeholders connected to Enzi have a fair share in the company’s growth and success.
“Partnering with Kula gives us both the financial resources and the blockchain governance infrastructure necessary to accelerate Enzi’s mission,” said Bill Schafer, CEO of Enzi Mobility. “This investment reinforces our vision of placing motorcycle riders at the center of scalable, affordable, and clean transportation solutions in Kenya.”
Chris Turner, co-founder and group director at Kula, emphasized the significance of the partnership: “Our collaboration with Enzi Mobility illustrates exactly what Kula was designed to achieve—aligning capital, governance, and community impact in a structured and transparent way. Enzi is not only providing innovative and clean mobility solutions, but also pioneering a model where last-mile delivery and taxi riders, along with their communities, have real economic participation. This alignment of values, mission, and commitment demonstrates a true win-win scenario for all stakeholders involved.”
With this strategic investment and the integration of blockchain technology, Enzi Mobility is poised to scale its EV operations across Kenya while creating a participatory, equitable, and environmentally sustainable transportation ecosystem for riders and communities alike.
