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Bisedge Ltd Issue 3: 7% Bond

36 months to mature 7% interest

Bisedge Ltd Issue 3: 7% Bond

£149,150
Raised

192
Investors

37
Days to run

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invested 620 tonnes CO2

emissions avoided in one year by providing 5 new, electric forklift trucks

households 275,000 litres of diesel use

avoided 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.

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: £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

    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 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.

    Bisedge

    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.

    Social Impact

    Social Impact

    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).

    30%

    of forklift operators will be female

    5

    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 Issue 3 Final Offer Doc (Log In to download)

     

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