Financing e-mobility and fleet electrification in emerging markets
78 matching capital sources on the AESFIP database · Last checked October 2026
Electric two- and three-wheelers, buses and commercial fleets are among the fastest-growing climate sectors in Africa and South and Southeast Asia. The financing challenge is the asset: drivers cannot afford upfront costs, so companies need capital to fund vehicles and batteries they lease or sell on credit.
This guide lists funders on our database active in transport and e-mobility and explains the instruments used: equity for operators, asset-backed and receivables debt for fleets, and growing interest in carbon revenue from avoided fuel use.
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How e-mobility companies stack capital
Operators usually separate company risk from asset risk.
- Equity from venture and impact investors to build the platform and charging or swap network.
- Asset-backed or receivables debt to finance vehicles leased to drivers.
- Battery-as-a-service structures that keep the battery on a separate balance sheet.
- Carbon credits from avoided fuel, increasingly used to strengthen unit economics.
The funders
Each profile shows mandate, instruments and sector appetite. Verified contacts and application routes are available to members.
- Mitigation Action FacilityClimate FundThe Mitigation Action Facility is a go-to platform providing technical support and climate finance for ambitious mitigation projects with the aim of decarbonising key sectors of the economy and society. The Mitigation Action Facility funds ambitious climate change mitigation projects to implement Nationally Determined Contributions (NDCs) and long-term strategies (LTS) that are crucial for achieving the Paris Agreement goals. The Call for Projects 2026 will offer climate finance for the implementation of mitigation projects aligned with new ambitious NDCs. While the Mitigation Action Facility primarily focuses on three priority sectors, it remains open to cross-sectoral projects linked to one of the priority sectors. As highlighted in the Sixth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) , energy, transport and industry together account for 73% of global annual greenhouse gas (GHG) emissions (as of 2021). To shift the targeted sectors towards a carbon-neutral development pathway, the Mitigation Action Facility selects innovative projects that can catalyse sector-wide transformational change. These efforts can help ܪll the shortfall in climate finance required to avoid the worst impacts of climate change. Please check the General Information Document (GID) for more informationConcessional DebtDebtGrants
- The Green Guarantee Company (GGC)Climate FundThe vast majority of institutional capital in developed capital markets is only available to investment grade borrowers. The Green Guarantee Company is tackling the issue of emerging market countries often being rated below investment grade by international credit rating agencies Moody’s, Standard and Poor’s and Fitch. By providing investment grade guarantees to improve the credit rating of borrowers in emerging markets, the Green Guarantee Company will unlock larger pools of capital to finance climate adaption and mitigation projects.Technical Assistance
- Transformative Carbon Asset Facility (TCAF)Climate FundThe Transformative Carbon Asset Facility (TCAF) is a World Bank trust fund designed to support developing countries in implementing market-based carbon pricing mechanisms and creating the conditions for private sector investment in low-carbon technologies. TCAF offers an innovative hybrid funding structure—mobilizing both climate finance and carbon market funding for payment against emission reductions.Technical Assistance
- C40 Cities Finance FacilityProgramme Window · GermanyCity-focused project preparation facility (hosted by C40 Cities, funded by BMZ, UK, USAID and others) that provides technical assistance and transaction advisory to help African and global cities structure bankable climate infrastructure projects — mass transit, e-mobility, energy efficiency, flood resilience and waste — and take them to financial close with lenders.Technical AssistanceProject PreparationAdvisory
- CIF- Clean Technology Fund (CTF)Climate FundThe Clean Technology Fund (CTF) is part of the CIF, which were originally designed with a ‘sunset clause,’ stipulating that operations would wind down once a new financial architecture under the UNFCCC, such as the Green Climate Fund (GCF), became fully operational. The clause allows for any remaining CTF funds to be transferred to a fund with similar objectives. However, given ongoing demand, a strong implementation track record, and the complementary role of the CIF alongside the GCF, the CTF continues to operate with new programming approved by its governing body. As of now, there is no active plan to implement the sunset clause or transfer remaining funds. The CTF promotes scaled-up financing for the demonstration, deployment, and transfer of low-carbon technologies with strong potential for long-term greenhouse gas emissions reductions. Its objectives include: Provide positive incentives, through public and private sector investments, for the demonstration of low carbon development and mitigation of greenhouse gas emissions Fund low carbon programmes and projects that are embedded in national plans and strategies, scaling up development and accelerating the diffusion and transfer of clean technologies Realise environmental and social co-benefits, illustrating the potential for low-carbon technologies in contributing to sustainable development and the Millennium Development Goals Support international cooperation on climate change Utilise skills and capabilities of the MDConcessional DebtDebtGrants
- Danish Climate Investment FundGovernment AgencyThe Danish Climate Investment Fund (KIF) is a public-private partnership with total committed capital of DKK 1.4bn. KIF offers risk capital and advice for climate projects in developing countries, the growth markets in Asia, Africa, Latin America, and parts of Europe. The fund invests in projects, which directly or indirectly contribute to reduction of the emission of greenhouse gasses. KIF offers both share capital for the establishment of companies in collaboration with Danish businesses and it can co-invest in major climate projects which include Danish technology or know-how. It is a prerequisite for its investments that the project is commercially sustainable and employs known climate technology. The Danish Climate Investment Fund is managed by IFU that, in collaboration with Danish companies, has made more than 1,200 investments in more than 100 countries.GrantsTechnical Assistance
- Building Prospects FundGovernment AgencyThe Building Prospects Fund is a climate-focused investment initiative jointly established by the Dutch government and FMO (Netherlands Development Finance Company). Originally known as the Infrastructure Development Fund (IDF), it was launched in 2002 to support private sector development in low-income countries through infrastructure investments.Concessional DebtDebtTechnical Assistance
- Article 6.2 Bilateral Cooperation - KliK FoundationCarbon Finance Mechanism · SwitzerlandSwiss compliance buyer procuring ITMOs under Article 6.2 bilateral agreements, with signed deals covering several African countries.Carbon Credits / ERPAResults-based FinanceAdvisory
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Showing 8 of 78 matching capital sources. The remaining 70 — including their verified routes, ticket sizes and eligibility criteria — are reserved for members.
Common questions
- Do DFIs finance electric motorbike fleets?
- Yes, increasingly, usually once the operator shows repayment data from drivers. Early-stage companies tend to start with equity and smaller impact-debt facilities.