responsAbility Invests in African Electric Logistics Leader Bisedge

December 20242 min readClimate FinanceEmerging Markets, Energy, Green Lending

Zurich, Switzerland, 19 December 2024 – responsAbility has successfully completed a mezzanine investment in Bisedge, a fast-growing provider of electric logistics solutions in Africa. The funding will support Bisedge in expanding its fleet of electric forklifts in Nigeria and other African countries, strengthening its distribution and servicing capabilities. It will also enable the company to assist key clients in the food and beverage industry in reducing carbon emissions through more sustainable material handling solutions.

Bisedge, founded in 2020 in Lagos, Nigeria, specializes in electric logistics solutions and is a partner of Linde Material Handling for electric forklifts and reach trucks in Nigeria, East Africa, and Southern Africa. Through its innovative ‘machine-as-a-service’ model, Bisedge offers commercial and industrial clients a comprehensive alternative to equipment ownership by providing full outsourcing services. This includes delivering the machines, ensuring full maintenance, and supplying skilled operators. This integrated approach helps clients optimize operational efficiency while significantly reducing carbon emissions, eliminating the financial and operational burdens associated with diesel machines.

Driving sustainable growth across Africa

With over 250 electric forklifts already deployed across Nigeria, Bisedge has established itself as a reliable partner for multinational companies in the food and beverage industry. By offering cost-effective and sustainable electric material handling machines, Bisedge supports its clients’ climate and efficiency goals. Its experienced management team, with a proven track record of building successful ventures in Africa, leverages expertise from clean energy and infrastructure projects to ensure operational excellence and reliability.

Peter Page, Senior Investment Officer at responsAbility, said: “Bisedge exemplifies the type of innovative, sustainable businesses we prioritize at responsAbility. Their forward-thinking logistics solutions support the transition to clean energy and also address critical operational challenges for businesses in Africa. This investment empowers Bisedge to scale its impact, enhancing sustainability and efficiency across the region.”

About Bisedge

Bisedge, established in 2020 and headquartered in Mauritius, is a leading provider of electric logistics solutions across Africa. Specializing in the leasing and maintenance of electric forklifts through its innovative "machine-as-a-service" model, the company partners with global leader Linde Material Handling to deliver cost-efficient and sustainable solutions. Focused on reducing environmental impact and operational costs, Bisedge is driving the transition to sustainable logistics in emerging markets.

About responsAbility Investments AG responsAbility is a leading Swiss impact asset manager with deep expertise in private market investing across emerging markets. The company provides debt and equity financing to financial institutions, enterprises and mid-market funds, designed to generate measurable positive outcomes for people and planet alongside competitive financial returns. Impact and ESG are embedded throughout the investment process and supported by active engagement. As of 31 March 2026, responsAbility manages USD 5.9 billion in assets invested in around 70 countries and works with institutional, private and public sector investors to invest capital at scale.

Founded in 2003, responsAbility has deployed more than USD 17.8 billion in impact investments. Since 2022, responsAbility has been part of M&G Investments, a business of M&G plc, a global savings and investments group with asset management and insurance capabilities and a long-term institutional ownership base.

Contact

Richard Rogers
responsAbility Investments AG
+41 44 403 2151
media@responsability.com

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