Finnfund lends €10m to expand Bisedge’s electric logistics fleet

The loan will support fleet and service growth in Nigeria and East Africa, with no country allocation disclosed.

Finnfund lends €10m to expand Bisedge’s electric logistics fleet

The loan will support fleet and service growth in Nigeria and East Africa, with no country allocation disclosed.

Bisedge Logistics & Infrastructure announced a €10m long-term investment loan from Finnish development financier Finnfund to expand its electric material-handling fleet, with Nigeria and East Africa identified as focus regions. Its equipment-as-a-service business supplies electric forklifts, reach trucks and tractors, allowing customers to update fleets without upfront capital expenditure. The release did not disclose a country-by-country allocation or a vehicle count.

PR Newswire (release from Bisedge Holding)