News Release

Investment in Unchorlight  Kenya Limited

Honda Trading Corporation (“the Company”) and Skylight Consulting Inc. have made an equity investment in Unchorlight Kenya Limited (“UNK”), a company that operates a rent-to-own motorcycle rental business in Kenya.
Targeting sole traders who make a living as motorcycle-taxi riders and last-mile delivery riders in Kenya, UNK provides motorcycles on a daily-payment model using digital payment.
Riders pay a part of their daily income from their motorcycle-taxi or delivery business as rental fees. These fees are accumulated until, after about 18 months, ownership of the motorcycle transfers to the rider. Since UNK launched this business in 2021, it has created job opportunities for around 250 riders by providing them with motorcycles.
Through its investment in UNK, the Company intends to contribute to the economic growth of Kenya and the broader African continent through the advancement of mobility.

Unchorlight Kenya Limited

Address: G16 Vision Plaza along Mombasa Road, Nairobi, Kenya
Date of Establishment: July 2021
Business lines: Operation and promotion of Rent to Own motorcycle rental business in Kenya

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Address: Akasaka, Minato-ku, Tokyo, Japan
Date of Establishment: March 2000
Business lines: Business Consulting,Venture Investment & Acceleration,Sports Business,Global Business

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Honda Trading Corporation

Address: Sotokanda, Chiyoda-ku, Tokyo, Japan
Date of Establishment: March 1972
Business lines: Procurement and supply of raw materials, parts, equipment and CBU as well as processing and manufacturing of some raw materials.