Company profile

Yongeza Capital

Yongeza Capital is a Uganda-based e-mobility infrastructure company specialising in electric two-wheeler battery swapping technology. Established in 2024 and headquartered in Kampala, Uganda, the company operates a network of battery swapping stations that enable riders to exchange depleted batteries for fully charged ones in under one minute. Yongeza Capital maintains partnerships with Oryx Energies Uganda Limited for service station locations and with Spiro for electric motorcycle supply and franchising expansion. The company is privately held. As of the announcement in the provided context, Yongeza reported executing almost 500,000 battery swaps since launching operations in June 2024.

Sector

Energy and power / EV Charging Infrastructure

Markets

Uganda

Ownership

Private

Source: Partner Researchers.