620 tonnes CO2emissions avoided in one year by providing 5 new, electric forklift trucks
275,000 litres of diesel useavoided each year by replacing with 5 electric forklift trucks
Invest in greening Nigeria's logistics sector
Bisedge is a Nigerian company who are delivering significant carbon emissions reductions by supplying electric forklift trucks and 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.
Key product information
Issuer: Bisedge Limited
Issuing Country: Nigeria
Investment target: £250,000
Minimum investment: £50
Maximum investment: No maximum
Maturity: 36 months
Expected interest rate: 7% 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 purchase 5 new electric forklifts, which will be supplied to industrial and logistics companies in Nigeria.
By supporting large manufacturing, industrial and logistics companies to switch to new electric forklift trucks, this investment will reduce diesel use by 55,000 litres per truck per year, and each truck will reduce CO2 emissions by an estimated 124 tonnes annually.
Bisedge offer full service of material handling equipment to their customers for affordable monthly fees, on long-term contracts. This enables companies to modernise their fleets with electric forklifts and other clean energy logistics solutions without the high up-front costs which they might otherwise face.
Bisedge seeks to use the money raised through this bond offer to take on more electric material handling contracts, to grow their business and to increase their positive social and environmental impact through providing more clean energy logistics contracts and high quality jobs.
Bisedge have a particular focus on getting more women working in the male-dominated logistics sector in Nigeria. They provide training and actively promote gender equality in the industry, estimating that for each forklift lease, 4 jobs are created.
Bisedge are extending the lifetime of the assets through their management of operators and rigorous servicing programmes, and they are digitally enabling the material handling service in order to improve fleet and maintenance management.
The company aims to raise £250,000 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 material handling solutions, helping to decarbonise logistics in industry. Bisedge’s electric forklift leasing, operations and maintenance service creates high quality, with social security. Bisedge aim to train a 30% female workforce in this currently male dominated industry.
Bisedge support the delivery of the United Nations Sustainable Development Goals 5 (gender equality); 7 (affordable clean energy); 8 (decent work and economic growth); and 9 (industry, innovation and infrastructure).
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