10 Electric forklifts
Every electric forklift replacing a diesel forklift saves 124 tonnes of CO2 per year
40 new jobs
Approximately 4 jobs in operation and maintenance are created for each new forklift
Bisedge is a Nigerian company which provides clean energy industrial logistics solutions to large, blue chip companies. They specialise in offering full outsourcing services of material handling for monthly fees on long-term contracts. This service includes providing electric forklifts and other material handling equipment, their operation, and their maintenance.
This project benefits from match funding thanks to UK aid. A match amount of £50,000 has been provided, meaning that for every £3 invested from the 17/10/2022 into this project by the crowd an additional £1 will be invested through match funding.
Key product information
Issuer: Bisedge Limited
Issuing Country: Nigeria
Investment target: £500,000
Minimum investment: £50
Maximum investment: No maximum
Maturity: 54 months
Expected interest rate: 6% per annum
Withholding tax rate: 10% (applicable to UK residents who do not invest within an IF ISA)
Interest payment frequency: 6 monthly
Capital repayment: 6 monthly
Financial instrument: Promissory note / interest bearing bond
This is a bond issued by a single company (rather than a saving product) and therefore it is recommended that you are careful with the amount you invest.
You must read the offer document (provided below) where a statement of risks is presented, particularly in section 5 – Risk Analysis Overview
What the project investment will enable
Investing in this offer will enable Bisedge to expand its provision of clean energy industrial logistics solutions to large, blue chip companies in Nigeria.
Bisedge supplies electric material handling equipment, mostly electric forklifts. Bisedge sells manual handling equipment to clients, but they specialise in offering full outsourcing services of material handling for monthly fees on long-term contracts. This service includes providing electric forklifts and other material handling equipment, their operation, and their maintenance. Bisedge seeks to use money raised through this bond offer to take on more electric manual handling contracts, to grow their business and to increase their environmental and social impact through providing more clean energy logistics contracts and good quality jobs, with a particular focus on getting more women working in this male-dominated sector.
Bisedge are cutting carbon emissions by replacing diesel with electric forklifts and looking to add a solar battery charging solution in future. They are creating qualified jobs, investing in training and actively promoting gender equality in the industry. Bisedge are extending the lifetime of the assets through their management of operators and rigorous servicing programme, and they are digitally enabling the material handling service in order to improve fleet and maintenance management.
The company aims to raise £500,000 from this bond issue and will use the funds to expand its portfolio of leased forklifts at blue-chip companies in Nigeria.
Not only will your investment reduce carbon emissions by providing clean and efficient manual handling equipment, it will also provide good quality jobs. Bisedge have a target that women will make up at least 30% of their total forklift operators.
Social and environmental impact
Electric forklifts provide low carbon manual handling, helping to decarbonise logistics in industry. Bisedge’s forklift and maintenance operation creates high quality, socially secured jobs. Bisedge target training a 30% female workforce in this currently male dominated industry.
Bisedge are supporting the delivery of Sustainable Development Goals (SDGs) 8, which is Decent Work and Economic Growth, and 5, which is Gender Equality.
of forklift operators will be female
new electric forklifts to be financed with this bond
quality jobs created for each new outsourced forklift
Bisedge is supporting the delivery of SDG 13 on Climate Action. They are providing low carbon manual handling services, and plan to offer even lower emissions in future through providing solar battery charging solutions in partnership with their sister company Daystar Power.
Reduction in carbon emissions, replacing a diesel forklift with an electric forklift
Annual avoided diesel fuel use for every diesel forklift replaced
CO2 emissions avoided every year for each electric forklift