Nairobi, Kenya, 16th July 2026 – NCBA and ePure Motion have signed a strategic partnership to expand access to electric mobility solutions for customers purchasing electric vehicles through structured asset finance solutions.
Through this partnership, qualifying salaried customers purchasing ePure Motion’s passenger vehicles for private use can access up to 100% financing, with flexible repayment periods of up to 72 months, subject to eligibility and credit assessment.
For customers interested in acquiring 16-seater matatus for Public Service Vehicle (PSV) operations, individual PSV SACCO members can access up to 80% financing with repayment terms of up to 48 months. Existing PSV SACCOs and established PSV companies may qualify for up to 90% financing, with repayment periods of up to 60 months, subject to eligibility and credit approval.
Under the MoU, the parties will collaborate to provide preferential asset financing terms, extended repayment structures for qualifying customers, promotional dealer support on processing costs during the campaign period, flexible insurance pathways for selected customer segments, and integrated fleet financing models that may include charging infrastructure where required.
Speaking at the signing ceremony, NCBA’s Group Director of Asset Finance and Business Solutions, Lennox Mugambi, said;
“This partnership demonstrates NCBA’s commitment to fostering sustainable economic growth through innovative and customer-focused financing options. Our Asset Finance business has maintained market leadership with over 30 per cent market share, a position built through strong partnerships, customer-focused innovation, and a deep understanding of evolving mobility needs.
By making electric vehicles more accessible for individuals, SACCOs, and fleet operators, we are supporting the transformation of Kenya’s transport sector while helping customers achieve long-term savings and operational efficiency.”
Dr. Gilbert Saggia, ePure Motion’s CEO and Director, also commented on the partnership, noting:
“Electric mobility will scale in Kenya when customers can access the vehicle, the financing, the charging, the service, and the aftersales support as one complete ecosystem. This partnership with NCBA helps remove one of the biggest barriers to EV adoption by making the transition more structured and more accessible for the people and businesses that move Kenya every day.”
The partnership comes at a time when electric mobility adoption in Kenya is gaining significant momentum. According to Kenya’s National Electric Mobility Policy, the number of registered electric vehicles in the country has grown from just over 1,300 in 2022 to more than 39,000 in 2025, reflecting rising consumer and business interest in cleaner and more cost-efficient transportation solutions.
Kenya is uniquely positioned to support this transition, with approximately 90 per cent of its electricity generated from renewable energy sources, giving the country one of the cleanest power grids in the world. At the same time, transport remains one of the largest contributors to greenhouse gas emissions and accounts for approximately 72 per cent of petroleum fuel consumption, underscoring the need for cleaner mobility alternatives.
As electric mobility adoption continues to accelerate, financial institutions are increasingly being called upon to design financing solutions that support adoption at scale. Through NCBA’s KES 2 billion EV Financing Programme and ePureMotion’s integrated electric mobility ecosystem, the partnership seeks to address one of the key barriers to adoption: access.
As part of its value offer, ePure Motion will provide eligible customers with electric vehicle products, charging and aftersales support, fleet deployment guidance, and customer education through an all-inclusive mobility package featuring select charging, service, warranty and support benefits. These include a portable charger, battery and motor warranties, a free service plan, road rescue support, and discounts at ePure charging stations.
By combining affordable financing, vehicle solutions, charging infrastructure and aftersales support, the collaboration aims to make electric mobility more accessible, practical and commercially viable for individuals, businesses and fleet operators across Kenya.
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For media enquiries, please contact:
Nelly Wainaina | Group Director- Marketing, Communication and Citizenship | NCBA Nelly.Wainaina@ncbagroup.com |Tel: +254 711 056 444
About NCBA Group
NCBA Group is a full-service banking group providing a broad range of financial products and services to corporate, institutional, SME and consumer banking customers. NCBA Group operates a network of over 100 branches across five countries, including Kenya, Uganda, Tanzania, Rwanda, and the Ivory Coast. Serving over 60 million customers, the NCBA Group is the largest banking group in Africa by customer numbers. NCBA Bank Kenya PLC is one of the leading banks in terms of assets. The Bank continues to play a key role in supporting Africa’s economic ambitions. The Bank is a Market Leader in Corporate Banking, Asset Finance and Digital Banking.
About ePure Motion
EPure Motion Limited is a Kenyan electric mobility company building an integrated EV ecosystem across vehicle supply, local assembly pathways, charging infrastructure, aftersales service, fleet deployment, financing partnerships, and customer experience. Through its subsidiaries and operating units, ePure Motion supports passenger vehicles, public mobility, charging, service, financing facilitation, and EV market development.