Finnfund commits €10 million to Bisedge Holdings for African EV logistics expansion

Finnfund , the Finnish development financier, has finalized a €10 million senior debt facility for Bisedge Holdings , an electric material handling and logistics-as-a-service provider. The transaction marks Finnfund’s inaugural investment in the African electric vehicle (EV) and clean mobility sector. Fleet Expansion Across Key African Markets The capital injection will directly fund the deployment and expansion of Bisedge’s electric forklift fleets across Nigeria, Tanzania, and Kenya.