Mbay Mobility Is Launching An All-Electric Taxi Financing Platform In Senegal
1 day ago
Two of the main problems Mbay is tackling are increasing air pollution and carbon emissions, caused by a large number of aging internal combustion vehicles in congested cities. Essentially, all the cars on Dakar’s roads use low-quality fossil fuel and contribute to about. These numbers are increasing rapidly. Furthermore,Air pollution also leads to other diseases that lead to increased public health costs, lower learning outcomes at school, and reduced productivity in the workplace.
Mbay also offers brand new electric cars, which will be a major step up from the ICE taxi industry that is dominated by used cars — aging ICE cars. To lower the barriers to entry, Mbay is working with banks and other financial institutions to offer financing packages. Mbay will couple this with a geolocation and immobilization software package in cases of non-payment/default. This PayGo function deactivates cars at distance, enabling cheap financing by reducing payment risk for banks.
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