The COVID-19 pandemic caused a severe contraction in sub-Saharan nations. Now, they are growing, which is causing a surge in the logistics industry as more people need transportation. These inefficient 2-stroke petrol-powered motorbikes are used primarily in delivery and taxi services, which drive hundreds of kilometres per day. They produce large amounts of harmful CO2 and fine particulate emission, which is expensive for the drivers.
Bob Eco Ltd. is an electric vehicle company and cleaner energy provider that recognized the urgent need to find cheaper, more efficient ways of transporting people. In Africa, they launched their line of three-wheelers, which are orange-clad and designed for delivery and taxi drivers. Since the first one hit the road in October of 2020, Bob Eco’s bikes create a total of 2.6 jobs per bike and save 5 tons of CO2 emissions from being released into the atmosphere every year.
Able to save on fuel costs, drivers who 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 leases its bikes to drivers on a rent-to own basis. Once they are done paying off the rides, it gives them the opportunity for wealth accumulation.
Bob Eco is the best choice for drivers and environment. This has led to many state-level partnerships with African governments.
To keep up to demand, Bob Eco has signed a production agreement worth 200 million dollars with Jincheng Suzuki. Bob Eco also opened a new manufacturing plant that produces tricycles as well as Tuk Tuks. This is a popular way to transport large amounts of cargo and people. It has a production capacity of 150,000 annually. By 2024, electric vehicles made by the facility will reduce more than 150,000 tons CO2 emissions.
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 focusing on the areas that can have the greatest impact, given the African rapid increase in two- and three-wheelers.
Bob Eco does not just fight for the environment. Bob Eco runs social programs that help people in Africa. 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’s BobCoin (BOBC), STO was launched on March 2021 to help more people. The STO was a huge success, with Bob Eco selling 24% of all Bobcoins to over 40 investors for millions of dollars. Bob Eco’s drift to expand has led Bob Ultee (CEO of Bob Eco) to announce that Bob Eco is “going public” in March with an ICO-WA. Bob Eco plans to sell BOBC via the secondary market. The presale for the www.Knaken.eu cryptocurrency platform is open to all investors. Estimated valuation of the listing is from $1.45 to $1.5 Billion