Sub-Saharan countries are experiencing a sharp contraction due to the COVID-19 epidemic. This has led to an increase in logistics as transportation needs rise. Two-stroke petrol-powered 2-stroke motorcycles are the majority of all active vehicles within this region. These bikes can be found in delivery and taxi services, which drive hundreds of kilometres per day. Their fuel is expensive for drivers and emits large amounts of toxic CO2 as well as fine particulate omissions.
Bob Eco Ltd., an electric vehicle company and cleaner energy provider, recognized the importance of affordable, efficient and cost-effective transportation options. In Africa, it launched its line of three-wheelers, which are orange-clad and designed to serve the taxi- and delivery driver needs. Since the first one hit the road in October of 2020, Bob Eco’s bikes have created a total of 2.6 jobs per bike, and saved 5 tons of CO2 emissions from being released into the atmosphere every year.
Able to save on fuel costs, drivers that make the switch to one of Bob Eco’s vehicles nearly quadruple their take-home pay on average – enabling them to support their families and equip their homes with basic necessities like running water. Bob Eco offers its bikes for lease on a contract-to-own basis. This gives drivers the opportunity to build wealth after they have paid off their ride.
Bob Eco, the best choice for the driver and the environment has been a magnet for attention from African governments. This led to several partnerships at the national level. The Senegalese government ordered 232,000 vehicles.
Bob Eco signed an agreement with Jincheng Suzuki, a manufacturing giant for 200 million-dollar annual production volumes. Bob Eco also opened a new manufacturing facility that specializes in Tuk Tuks and tricycles. This is a popular way to comfortably transport bulky goods and large groups of people. It has a production capacity of 150,000 annually. This facility can produce electric cars that will save more than 1,500,000 tonnes of CO2 by 2024.
Using UN Environment eMob Calculator, scenarios calculations have shown that an estimated 11 billion tonnes of carbon dioxide could be avoided by 2050 if there is a shift to battery-electric motorbikes in the world. Bob Eco is now focusing its efforts on those areas which can most benefit from the fast growth of three-wheelers and two-wheelers in Africa.
Bob Eco does not just fight for the environment. Bob Eco has several social programs to help those in Africa who are in greatest need. This includes providing nutritious food for hungry children by planting fruits trees, rearing animals and creating water resources for communities. It also provides shelter for people who are homeless.
Bob Eco created the BobCoin (BOBC), ICO-WA to help more people in March 2021. Bob Eco managed to sell 25% of BOBC, bringing in millions of dollars for investors from over 40 countries. Bob Eco is now “going public” and beginning its second round of funding by selling BOBC on the primary market, currently accessible to retail investors via presale on the reputable www.Knaken.eu crypto platform. Expected valuation of the listing is from $0.8 billion up to $2.1 million