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
Troops rescue two kidnapped victims in Benue
By: Zagazola Makama
Troops of Sector 1 under Operation Whirl Stroke (OPWS) have rescued two kidnapped victims in Ukum Local Government Area of Benue State.
Security sources said the incident occurred at about 3:50 a.m. on April 15 when troops deployed at Kyado responded to a distress call on kidnapping activities in the area.
According to the sources, the troops swiftly moved to the scene, prompting the kidnappers to abandon their victims and flee.
The sources added that the troops successfully rescued the two victims and reunited them with their families.
Security operations have been intensified in the area to track down the fleeing suspects and prevent further incidents.
Troops rescue two kidnapped victims in Benue
Troops arrest bandit kingpin’s Deputy, wife in Gombe following intelligence operation
By: Zagazola Makama
Troops have arrested the second-in-command to a notorious bandit kingpin, Kachalla Auta, alongside his wife in Gombe State following an intelligence-led tracking operation across multiple locations.
Sources said the suspects, identified as Bala, popularly known as “Pakapaka,” and his wife, Zulaha Bala, were intercepted after fleeing from Dajin Madam Forest in Plateau State.
According to the sources, the arrests were the result of sustained intelligence surveillance and coordinated ground tracking by security operatives targeting fleeing members of the criminal network.
The suspects are currently in custody and undergoing interrogation to determine their level of involvement in the group’s activities and possible connections with other cells operating within and outside the region.
In a related development, troops conducted follow-up patrols around Bayar village in the Duguri axis after intelligence indicated that the main bandit kingpin had fled into the area.
However, no contact was made during the search operation.
Security sources said troops have continued to dominate the general area with sustained patrols aimed at denying criminal elements freedom of movement and disrupting their operational networks across Plateau, Taraba, and adjoining states.
Troops arrest bandit kingpin’s Deputy, wife in Gombe following intelligence operation
Troops rescue 12 kidnapped victims, arrest kingpin’s aides in Plateau–Taraba forest operations
By: Zagazola Makama
Troops conducting ongoing clearance operations under Operation Wutan Daji have rescued 12 kidnapped victims and arrested key associates of a fleeing bandit leader during coordinated offensives across forested areas linking Plateau and Taraba States.
A military source said the operations, carried out on April 15 and 16, involved troops of the 33 Artillery Brigade in conjunction with an Office of the National Security Adviser (ONSA) tactical team.
According to the source, the operations were conducted in the Dajin Madam and Kumbodoro forest axis, spanning parts of Plateau and Taraba States.
The source said the sustained offensive led to the recovery of 12 kidnapped victims who escaped from their captors during the pressure mounted by troops.
The victims were subsequently taken into custody for profiling before being moved to an Internally Displaced Persons facility in Fukuk.
Troops also recovered a Dane gun, a fabricated AK-47 rifle and a power bank during the operation.
Troops rescue 12 kidnapped victims, arrest kingpin’s aides in Plateau–Taraba forest operations
Troops rescue two kidnapped victims in Benue
Troops arrest suspected ammunition racketeer in Cross River
Troops arrest bandit kingpin’s Deputy, wife in Gombe following intelligence operation
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