Bisedge Secures €10 Million Loan from Finnfund to Expand Electric Intralogistics Fleet
Bisedge Logistics & Infrastructure has secured a €10 million long-term loan from Finnfund, a Finnish development financier and impact investor. The funding will support the expansion of Bisedge's electric material handling fleet across its operations in Nigeria and East Africa. This follows an earlier equity investment by Metier Private Equity and marks another step in Bisedge’s growth strategy. Bisedge operates on a 'Zero CapEx' model, allowing customers to access modern forklifts and other equipment without upfront costs. The company partners with Linde Material Handling to provide electric solutions that reduce emissions and lower total cost of ownership while improving operational efficiency. Finnfund's long-term financing aligns well with Bisedge’s multi-year customer contracts. Christian Wessels, CEO of Bisedge, emphasized the importance of this partnership in accelerating electrification across intralogistics operations on the continent. Justin Nthala from Finnfund praised Bisedge for making clean technology accessible and supporting local job creation.
Topics: electric_material_handling infrastructure logistics sustainability