Kenyan electric vehicle (EV) startup Enzi Mobility has entered into a landmark investment agreement with blockchain-enabled investment company Kula that secures US$2 million in equity funding as well as a US$1.5 million in-kind contribution of the Kula blockchain tech stack.
Enzi Mobility is an electric mobility company providing affordable e-motorbikes and battery-swapping infrastructure. With a focus on clean transport, economic empowerment, and rider participation, Enzi is leading the transition toward sustainable urban mobility in East Africa.
Kula, meanwhile, is a blockchain-enabled impact investment company that focuses on unique opportunities in frontier markets. By combining structured finance, tokenised governance, and real-time impact tracking, Kula unlocks sustainable value for investors and communities alike.
The landmark investment deal sees Kula provide Enzi with US$2 million in cash, as well as a a US$1.5 million in-kind contribution of its blockchain tech stack. Under the agreement, Kula’s investment will be staged and tied to specific commercial and operational milestones. A real-time blockchain-enabled impact dashboard will track Enzi’s progress against key environmental, social, and governance indicators, ensuring transparency for investors, regulators, and community stakeholders alike.
In parallel, Kula will help Enzi create and roll out two digital tokens. One will act like a “voting token” ($ENZI), giving riders, staff, and community members a say in company decisions. The other will be a “rewards token” ($BODA), designed to provide riders with useful benefits. This double layer token model will make sure everyone connected to Enzi can participate fairly and share in the company’s growth.
“Partnering with Kula brings both the capital and the blockchain governance rails we need to accelerate Enzi’s mission. This investment validates our vision of putting motorcycle riders at the centre of clean, affordable, and scalable transport solutions,” said Bill Schafer, CEO of Enzi Mobility.
“This partnership with Enzi Mobility exemplifies what Kula was built to do – align capital, governance, and community impact in a way that brings structure and confidence to emerging investment ecosystems,” said Chris Turner, co-founder and group director of Kula.
“Enzi is not only delivering both innovative and clean mobility in Kenya, but also pioneering a governance model where last mile delivery and taxi riders and their communities have real economic participation – the very heart of what we are focused on delivering through Kula. Partnering with the Enzi team has been a clear alignment of values, mission and commitment to create win-win solutions for all our stakeholders.”
