Kenya’s first fully electric taxi service, NopeaRide, is exiting the market after its parent company EkoRent OY failed to raise additional funding to keep it afloat. NopeaRide said EkoRent Africa, the local subsidiary of the Finnish company, has filed for insolvency in Kenya, bringing to an end the operations of the all-electric vehicle taxi player, which sought to drive a shift to environmentally-friendly transport options, while stepping-up competition for early market entrants Uber and Bolt.