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Bisedge Ltd Issue 2: 6% Bond

54 months to mature 6% interest

Bisedge Ltd Issue 2: 6% Bond

£287,550
Raised

283
Investors

25
Days to run

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invested 10 Electric forklifts

Every electric forklift replacing a diesel forklift saves 124 tonnes of CO2 per year

households 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

About Bisedge

  • Incorporated in 2016
  • Offices in Lagos, Nigeria
  • Green logistics company with a focus on sales, servicing, maintenance and leasing of electric forklifts
  • Exclusive partner of Linde Material Handling in Nigeria
  • Clients include Nigeria Breweries (a Heineken B.V subsidiary), Nigeria Bottling Company PLC (bottlers of Coca Cola) and International Breweries (an AB InBev subsidiary)
  • Bisedge is owned by Sunray Ventures 
  • 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

    Security: Secured

    Key risks

    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

    Documents

    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. 

    Bisedge

    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.

    Social Impact

    Social Impact

    Bisedge are supporting the delivery of Sustainable Development Goals (SDGs) 8, which is Decent Work and Economic Growth, and 5, which is Gender Equality.

    30%

    of forklift operators will be female

    10

    new electric forklifts to be financed with this bond

    4

    quality jobs created for each new outsourced forklift

    Environmental Impact

    Environmental Impact

    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.

    87%

    Reduction in carbon emissions, replacing a diesel forklift with an electric forklift

    55,000 litres

    Annual avoided diesel fuel use for every diesel forklift replaced

    124 tonnes

    CO2 emissions avoided every year for each electric forklift

    • pdf

      Offer Documents

      Bisedge Limited Issue 2 Offer Document (Log In to download)

     

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