Wahu Mobility taps into the global carbon credit market with approval of Swiss-Ghana backed e-bike project.

Ghanaian electric mobility company Wahu Mobility has officially received approval for its carbon credit program under Article 6.2 of the Paris Agreement, marking a major milestone in Africa’s clean transportation and climate finance landscape.

In partnership with the Swiss government and the KliK Foundation, Wahu’s electric bicycle program has been designated as an eligible mitigation activity by the governments of Ghana and Switzerland. The authorisation allows Wahu to sell carbon credits, known as Internationally Transferred Mitigation Outcomes (ITMOs), to Switzerland, helping the European nation meet its climate targets while enabling Wahu to scale its operations in Ghana.

Wahu’s project centers on the local manufacturing and deployment of over 117,000 electric bicycles across Ghana by 2030. These e-bikes are designed to replace traditional petrol-powered motorcycles, especially among gig economy workers, delivery riders, and small business fleets. This initiative is expected to eliminate more than 752,000 tonnes of CO₂ emissions, with reductions verified and sold as ITMOs to Switzerland. The revenue from these carbon credits will support Wahu’s efforts to scale clean mobility in a market where upfront vehicle costs are often out of reach for many workers.

What sets the project apart is its integration of solar-powered charging stations alongside grid electricity, and its commitment to local manufacturing of both e-bikes and battery packs in Accra. These innovations aim to reduce costs, reduce import dependency, and promote energy resilience.

Without revenue from carbon credits, Wahu’s business model would not be financially viable at scale. Market prices for electric bikes remain too high for most users in Ghana, where access to finance is limited and imported e-mobility solutions remain prohibitively expensive. Carbon financing enables Wahu to offer affordable “work-and-pay” and rental ownership models to gig workers, helping them access clean transport solutions while generating income.

Beyond emissions reduction, the Wahu project will generate over 50,000 new jobs, especially in the gig economy. Every e-bike deployed translates into one job, while an additional 600+ roles are expected at Wahu’s assembly and battery production facilities in Accra. The initiative also aims to promote gender inclusion, with a target of having 15% female riders in a traditionally male-dominated sector by 2030

“This authorization under Article 6 of the Paris Agreement is a game-changer for clean mobility in Africa. It proves that carbon markets can catalyze real impact—not just by cutting emissions, but by transforming economies and livelihoods. ” Valerie Labi, Co-Founder and CEO, Wahu Mobility.