TransLogistics

Transport and Logistics Network

Pay-as-you-go EV trucks to be piloted in Rwanda

OX Delivers recently announced its oversubscribed seed funding round for building successful pilot operations in Rwanda which closed at £3.4 million. This leverages six grant funding awards from Innovate UK, the Advanced Propulsion Centre and the Royal Academy of Engineering and brings the company’s recent funding to a total of £6.4 million. This is yet to be the largest fund-raising in the African EV industry to date. 

Its research and development (R&D) base is in Warwickshire UK and its operations are currently in Rwanda. OX Delivers is a zero-emissions smart logistics company helping customers get their goods to market via a pay-as-you-go service. The UK-based team has developed the first electric OX truck, which was featured in the UK Presidency Pavilion at COP26 and demonstrated at Cenex Low Carbon Vehicle Show.

Have you read?
Nigeria fights back for its power through solar technology

Simon Davis, Managing Director of OX Delivers says: “We are so delighted that our seed investment round has been oversubscribed. This investment into our innovative pay-as-you-go logistics model and electric all-terrain truck is both recognition of the huge progress the team have made over the last 16 months and a springboard towards our vision of sustainably driving prosperous trade for the 650m people in rural Sub-Saharan Africa.” The £3.4 million investment will enable expansion in both Rwanda and the UK including:

  • First EV trucks in operation in Rwanda demonstrating low costs
  • Growth of the digital platform to maximise efficiency and lower transport prices
  • Increase the DriverPlus team to serve more customers and build entrepreneurship

In the first quarter of 2021, Ox operations grew by 40% from month to month.

In the last quarter of the year, revenue led to a £180,000 annual run-rate, with 40 additional customers in December.

OX Delivers continues to grow its exciting and capable team which now has 44 employees.

Its new facility has just opened in Warwickshire and there are advanced plans to increase the number of OX depots and warehouse facilities in Rwanda.