NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

How Orange Bikes are Changing Africa

NewsBTC
NewsBTC
3 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

After a steep contraction resulting from the COVID-19 pandemic, sub-Saharan economies are expanding, leading to a boom in the logistics sector as the need for transportation rises. However, more than half of active vehicles in the region are inefficient 2-stroke petrol-powered motorcycles, primarily used in taxi and delivery services that drive hundreds of kilometers per day. The fuel they burn is costly for drivers and produces large quantities of toxic CO2 and fine particulate emissions.

Recognizing the need for cheaper and more efficient transportation solutions, Bob Eco Ltd., a rapidly-growing electric vehicle and clean energy company, entered the African markets with a line of orange-clad electric two and three-wheelers designed for the needs of taxi and delivery drivers. Since the first one hit the road in October of 2020, Bob Eco’s bikes create a total of 2.6 jobs per bike and save 5 tons of CO2 emissions from being released into the atmosphere every year.

Able to save on fuel costs, drivers who switch to one of Bob Eco’s vehicles nearly quadruple their take-home pay on average – enabling them to support their families and equip their homes with basic necessities like running water. Further, Bob Eco provides its bikes on a lease-to-own basis, giving drivers the chance to accumulate wealth once they pay off their rides.

Being the clear choice for both drivers and the environment, Bob Eco has attracted the attention of African governments, leading to several state-level partnerships, including an order for 232,000 vehicles from the Senegalese government.

Bob Eco signed a 200-million-dollar production deal with manufacturing juggernaut Jincheng Suzuki for annual volumes reaching 200,000 units to keep up with demand. Bob Eco has also recently opened a manufacturing facility focused on producing tricycles and Tuk Tuks, popularly used for comfortably transporting voluminous goods and larger groups of people. This facility has an annual production capacity of 1,500,000. The electric vehicles produced by this facility alone can save over 1,500,000 tons of CO2 emissions by 2024.

Using the UN Environment eMob calculator, scenario calculations show that 11 billion tons of emissions could be saved by 2050 with a global shift to 90% battery-electric motorcycles. Given the rapid growth of two and three-wheelers in Africa, Bob Eco is focused on areas where it can make the most significant impact.

However, Bob Eco is not fighting only for the environment. Bob Eco also runs several social programs in Africa serving people in need. These programs include feeding hungry children nutritious meals via planting fruit trees and rearing animals, building new water sources for local communities, providing schools with scholarships and resources, and providing shelter solutions for those without any.

To do good in more places, Bob Eco launched its BobCoin (BOBC) STO on the primary market in March of 2021. As Bob Eco sold 24% of all Bobcoins for tens of millions of dollars to investors in over 40 countries, the STO can be considered a massive success. Bob Eco’s drift to expand has led Bob Ultee (CEO of Bob Eco) to announce that Bob Eco is “going public” in March with an ICO-WA. Bob Eco will sell BOBC on the primary market in this second round of funding, which is already accessible to retail investors via presale on the reputable www.Knaken.eu crypto platform. The expected listing valuation is $1.45 billion to $1.5 billion.

 

 

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

From Inflationary Noise to Deflationary Wave: FUNToken’s Turnaround Story

The crypto landscape is littered with tokens that promised deflation but delivered inflationary dilution. Yet FUNToken has quietly rewritten that...

News BTC 5 days ago

FunToken’s F2P Model: The Missing Link for Crypto Adoption

For all the tech advancements, one problem remains surprisingly unsolved: how to turn the world’s billions of casual mobile gamers...

News BTC 6 days ago

Theta Network Welcomes Prestigious Hongik University as the 21st Academia Customer of EdgeCloud Hybrid

Theta Labs, the leader in decentralized cloud infrastructure for AI, media, and entertainment, today announced that the High-Performance Data Processing...

News BTC 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Price Isn’t the Only Thing Rising – FUNToken’s Roadmap Execution Is Gaining Speed Too

News BTC 43 minutes ago

From Token Chat to 10 Cents: How FUNToken’s Group-Driven Growth Is a Model for Web3 Community Building

News BTC 1 day ago

Web2 Habits, Web3 Rewards: How FUNToken Makes Crypto Feel Natural

News BTC 3 days ago

Premium Sponsors

Press Releases

  • ミームコインの価格急騰が続く中、注目の仮想通貨プレセールが50万ドルを突破し、次の100倍コインになる可能性がある。

    ...

    2 hours ago
  • 仮想通貨おすすめ|ビットコイン強気派の一休み中に買うべき銘柄

    ...

    2 hours ago
  • 2025年注目の新しい仮想通貨|Solana発 次世代ミームコインが投資家の期待を集める

    2025年注目の新しい仮想通貨|Solana発...

    2 hours ago
  • 2025年7月第2週にクジラが購入した注目のアルトコイン

    ...

    2 hours ago
  • 仮想通貨おすすめ|1ドル以下の3銘柄が2027年までに200ドルの投資を200万円に変える可能性

    ...

    3 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.