Description

Bisedge is a pan-African green logistics company that provides electric-powered forklifts and operators to help businesses reduce fuel use, cut emissions, and improve efficiency.

This funding campaign is dedicated to their operations in Nigeria, where the goal is to acquire and deploy additional electric forklifts for industrial clients. The funds will be used to cover the purchase of the forklifts as well as shipment costs, import duties, charging equipment, and spare parts. 

By expanding its fleet in Nigeria, Bisedge will replace more diesel-powered machines with electric alternatives, reducing both operating costs for clients and greenhouse gas emissions in the country’s industrial sector.

The project has a dual purpose:

• Environmental Impact: Each electric forklift avoids up to 55.000 litres of diesel annually, reducing about 143 tons of CO₂. With a larger electric fleet, this translates into thousands of tons of avoided emissions each year, while also improving air quality and lowering noise at warehouses.
• Social Impact: Every forklift generates up to 3.5 direct jobs across three shifts. Bisedge currently employs over 1.000 people, all on permanent contracts with full benefits including health insurance for employees, their spouse, and up to four children. The company is also creating opportunities for women through its female operator program, which has already trained nearly 100 women forklift operators to date. The long-term ambition is to reach a 30:70 female-to-male workforce ratio by 2029.

Investing in this project will contribute to the electrification of logistics in Nigeria while also enabling the creation of secure, socially protected jobs in an industry that traditionally relies on casual labour.

This is the promoter's first campaign of a series aimed to raise 2M€ through Goparity to fund operational costs and equipment purchase in the last quarter of 2025 and throughout 2026. 

The Impact

• Promoting more sustainable production methods: Bisedge’s logistics operations rely on a fleet of 275 forklifts of which 92% are already eletric. With the support of this financing, Bisedge will continue electrifying its fleet by adding 8 new electric forklifts. Each electric forklift replaces the annual consumption of approximately 55.000 liters of diesel, displacing around 143 tons of CO₂ per year. After factoring in 28.11 tons of emissions from battery charging, this results in a net reduction of 114,8 tons of CO₂ per forklift annually — this project will avoid an estimated 912 tons of CO₂ emissions per year. In parallel, Bisedge is deepening its commitment to sustainability. It is partnering with its OEM, Linde, to develop a battery recycling program and will begin recycling used tires into school sandals for students in its local community.
• Promoting a climate resilient strategy: The electrification of Bisedge’s forklift fleet represents an effort from the company to bring a positive transformation to the logistic sector. Namely:
  • Reducing the amount of CO2 emissions.
  • Extending equipment lifecycle. With proper battery care and refurbishment strategies, electric forklifts can be maintained and reused longer than their diesel counterparts.
• Creating jobs and promoting safe work environments in the logistics sector: For each forklift deployed, 3,7 jobs are created, including 3,5 forklift operator roles and 0.2 support roles such as supervisors, technicians, and administrative staff. This financing will create 29 additional jobs and bring improved working conditions to the sector. Namely:
  • Improved Air Quality. Electric forklifts produce zero tailpipe emissions, which significantly reduces the concentration of harmful pollutants in indoor and outdoor industrial environments.
  • Lower Noise Pollution. Electric forklifts operate much more quietly than diesel models, contributing to safer and more comfortable working environment.
  • Lower Heat Emissions: Electric forklifts generate less heat during operation, which helps maintain safer and more controlled temperatures in the workplace.
• Ensuring equal opportunities and participation of women in the logistics sector: The logistics sector is still heavily reliant on male workers. Bisedge is working to create equal opportunities with its Female Operator Program, which trains and places women as forklift operators. Currently only around 10% of operator’s are female but Bisedge has set the goal of raising this mark to 30% already by 2028. Through this program, the company not only provides access to technical training and employment but also actively encourages career progression with several examples of women progressing to higher roles.

Impact Indicators

912 T

CO2 avoided per year

29

jobs created

Contribution to the Sustainable
Development Goals

Sustainable Development Goals

Financial viability

Download the Financial Statements for the promoter here

Download Key Investment Information Sheet

Guarantees

The loans granted to the promoter BISEDGE HOLDING LTD by investors will be secured, as provided for in the loan agreements associated with the campaign, by the following:

i. Fixed charge over assets of Bisedge Holdings (Mauritius);

ii. All-Assets Debenture over the assets of Bisedge Limited (Nigeria);

iii. Pledge over the shares of Bisedge Holdings (Mauritius);

iv. Fixed charge over the shares of Bisedge Limited (Nigeria): and

v. Corporate guarantee from Sunray International Impact DMCC (UAE) in relation to the obligations of Bisedge Holdings (Mauritius).

The Promoter

About Bisedge Holding

Bisedge is a pan-African green logistics provider focused on electric material handling services. Founded in 2016 and owned by Sunray Ventures, the Group provides electric-powered forklifts and equipment to replace traditional diesel-powered alternatives, helping businesses cut emissions and reduce fuel costs. 

Bisedge operates through an equipment-as-a-service model, making efficient, low-emission machinery more accessible to industrial clients. 

The company intends to play a key role in supporting Africa’s transition to cleaner, more sustainable operations across various sectors.

Bisedge Holding Ltd is an investment holding company founded in Mauritius on 18 October 2023. It functions as the parent entity of a regional group comprising Bisedge Limited (Nigeria), Bisedge Logistics Tanzania Limited (Tanzania), and Bisedge South Africa (Pty) Ltd (South Africa). The formal constitution of the group occurred on 1 June 2024, following the fulfilment of business criteria, although the subsidiaries were operational prior to this date. The company does not engage in direct trading activities. Its operations are conducted through subsidiaries, associates, and joint arrangements across Sub-Saharan Africa. These entities go beyond equipment supply, delivering end-to-end outsourcing solutions that encompass machinery, skilled operators, and complete maintenance support.

Bisedge Limited, incorporated in Nigeria in 2016, specialises in the importation, servicing, and asset management of forklifts. It will be responsible for implementing the projects financed through Goparity. 

The team

Segun Olumuyiwa

Country Head, Nigeria

Segun Olumuyiwa leads the helm of strategic direction and growth for the company. With an extensive background in finance, he brings a wealth of experience in budgeting, financial reporting, process design, and internal controls to his role.

Temitope Oduntan

Logistics & Admin Manager

Temitope has over 10 years-experience in Administration, HR and accounting roles. Temitope joined Bisedge in 2019.

Olubukola Oluwamese

Head of Human Resources

Guided by a strong moral compass and an unwavering commitment to excellence, Olubukola is a people person who believes in empowering others to reach their full potential.

Sunday Barinkin

Head of Site Operations

Sunday directly supervises the operations of the fleet. Sunday has extensive experience in factory operations, project management and engineering services in the FMCG industry having previously worked at 7upBottling Company, Perfetti Van Melle and CWAY.

Business Model

Updates