News
Agreement Signed for Deployment of Electric Motorbikes in Lagos
Agreement Signed for Deployment of Electric Motorbikes in Lagos
By: Michael Mike
Swap Station Mobility Limited has signed partnership agreement with Glovo and Siltech World to deploy electric motorbikes, smart swappable batteries, and a network of quick interchange stations across Lagos State.
The Partnership will provide Glovo couriers with 2-wheel electric motorbikes that offer lower cost, clean mobility alternative to the internal combustion engine (ICE).
The Electric Vehicles (EVs) are provided on a lease-to-own model whilst also offering riders a unique “pay as you ride” or “weekly subscription” to access SSM’s battery swap and charging facilities, technical support and cover for insurance, licensing, and routine maintenance services. In order to increase adoption, Swap Station intends to build out a network of solar powered automated quick interchange battery stations along major demand routes and logistics bases starting in Lagos and surrounding states over the next twenty-four months.
Blackaion Capital and FundCo Capital Managers who are the co-sponsors of Swap Station Mobility, believe the operational cost of battery swapping per kilometre (km) will remain substantially lower than the fuel cost per km for the ICE counterpart. “This is the main value driver which has been catalysed by the Federal Government’s near elimination of fuel subsidies.
The products developed or distributed by Swap Station are designed to exceed the performance of petrol alternatives whilst significantly improving CO2 emissions, local air quality, and cost efficiency for users over the life of the asset,” said the Director at Swap Station and Partner at Blackaion Capital, Obiora Okoye,
Okwu Njoku who sits on the Board went on to say, “We are very excited about signing with Glovo who operate one of the most prolific food delivery platforms in Nigeria. Our EVs and swappable batteries are in-country, and Siltech World, one of our key technology and technical partners, supported us with the procurement, testing, and certification of the EVs, and so, we are now ready to start operations. We plan to spend the next few months securing additional swap locations, building our technology platform, and expanding our team.”
Abiodun Oni, Chief Executive Officer (CEO) of FundCo Capital Managers, and former Regional Sales Director, Energy, for Tesla, stated, “e-mobility is critical to our sustainable infrastructure investment strategy, and this agreement with our partners enables us to kick start that process”.
On his part, Head of Operations at Glovo, Ify Adah stated, “ By 2030, our goal is to have about half of our orders delivered by non-combustion vehicles. So, we are very excited and look forward to working with Swap Station, and supporting our couriers with cleaner and more cost-effective transport solutions.”
Swap Station is an integrated EV financing and battery charging infrastructure development company that has built a business-to-business-to-consumer (B2B2C) platform that provides access to electric 2-wheel and 3-wheel vehicles, swap station infrastructure, swappable batteries, and a hub for repairs and maintenance services to fleet owners, businesses, and users operating in the logistics and last mile connectivity in Nigeria.
Blackaion Capital is a West Africa focused infrastructure advisor, developer, and asset manager with offices in Lagos, Abuja, and Mauritius. Blackaion’s mission is to create exceptional long-term value for all stakeholders by developing and capitalising tech-enabled and climate-friendly infrastructure projects and companies.
FundCo is a specialised Alternative Asset Manager for sustainable infrastructure-related funds across critical economic sectors. These are selected industries providing essential services to the society, with domestic geographic diversity, have secure cash flows, are recession resilient, and ideally, offer some inflation protection. FundCo is duly registered with and licensed by Nigeria’s Securities and Exchange Commission (SEC) as a portfolio/fund manager in line with the SEC rules.
Agreement Signed for Deployment of Electric Motorbikes in Lagos
Buni commends Balarabe for his humanitarian contributions in Yobe
By: Yahaya Wakili
Yobe State Governor Hon. Mai Mala Buni CON, COMN, has commended the Managing Director/Chief Executive Officer of Sologuru Nigeria Limited, Alhaji Abdullahi Balarabe DJ Nguru, for his extraordinary humanitarian contribution to the reconstruction and modernization of Rugar Balarabe in the Nguru local government area of Yobe State.
Governor Buni made the commendation in a letter of appreciation personally written by him to Balarabe DJ, saying, “Your selfless decision to transform the site of the burnt Fulani settlement into a state-of-the-art community is a landmark achievement in private philanthropy.”
According to Buni, the comprehensive nature of the facilities provided, including modern two-bedroom residences, a functional clinic, a community mosque, solar-powered boreholes, and full solar electrification for both houses and streets, is truly commendable.
“By donating these essential amenities entirely free of charge, you have not only restored the dignity of the displaced families but have also significantly advanced our administration’s rural revitalization agenda,” Buni said.
“Your forward-thinking approach to sustainable infrastructure sets a high standard for civic leadership in Yobe State, and I thank you for your unwavering patriotism and commitment to the welfare of our citizens.
He revealed that it is my hope that your generous spirit serves as an inspiration to others.
Buni commends Balarabe for his humanitarian contributions in Yobe
Troops neutralise 16 terrorists, recover cache in Borno ambush
By: Zagazola Makama
Troops of Joint Task Force North-East (JTF-NE) under Operation Hadin Kai and Operation Desert Sanity V have neutralised 16 suspected terrorists during an ambush in Borno State.
Zagazola learnt that the operation was carried out by troops of Sector 1 in conjunction with members of the Civilian Joint Task Force (CJTF), Hybrid Forces and local hunters.
According to the sources, the ambush was sprung at about 8:10 p.m. on Sunday at Komala Exchange Point, following a failed attack on Auno and credible intelligence on the movement of the same terrorist logistics elements.
“The troops, working with CJTF and other local components, successfully neutralised 16 terrorists and recovered a cache of arms, ammunition and logistics items,” the source said.
Items recovered from the scene included 62 wrappers, 76 pairs of shoes and slippers, 18 bicycles, 275 sachets of detergent, 50 packs of sweets, assorted local fragrances, milk sachets, vaseline, washing soap, groundnuts, seasoning, fruit drinks, palm oil and groundnut oil, mats, spaghetti, thread, matches, cups and spoons, sieves, flour, salt, bicycle tyres and equipment, sugar, cosmetics, local herbs and a cooler, among other items.
The sources said the recovered items were believed to be logistics supplies meant to sustain terrorist elements operating in the area.
Troops neutralise 16 terrorists, recover cache in Borno ambush
Bandits injure four in Maradun, Zamfara
By: Zagazola Makama
Four people have been injured following an armed bandits’ attack on Kaya Faru Village in Maradun Local Government Area of Zamfara State.
Sources said that the incident occurred on Feb. 10 at about 6:00 p.m.
According to the sources, the attackers shot and injured one Bello Yari and three others before fleeing to their hideouts.
“On receipt of the report, operatives visited the scene, and the injured victims were rushed to the General Hospital, Talata Mafara, for medical treatment,” the sources said.
Bandits injure four in Maradun, Zamfara
Buni commends Balarabe for his humanitarian contributions in Yobe
Niger incidents underline rising Sahel spillover threat to Nigeria’s security
Troops neutralise 16 terrorists, recover cache in Borno ambush
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