Connect with us

News

Agreement Signed for Deployment of Electric Motorbikes in Lagos

Published

on

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

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Zulum Receives Seven Ambassadors, UN Officials on Humanitarian Visit to Maiduguri

Published

on

Zulum Receives Seven Ambassadors, UN Officials on Humanitarian Visit to Maiduguri

By: Michael Mike

Borno State Governor, Prof. Babagana Zulum has received ambassadors from seven countries alongside senior United Nations and federal government officials during a high-level humanitarian visit to Maiduguri.

The visiting diplomats represented India, Egypt, Indonesia, the Philippines, Turkey, Malaysia and Qatar. They were accompanied by the United Nations Resident and Humanitarian Coordinator in Nigeria, Mohamed Fall, and the Minister of Humanitarian Affairs and Poverty Alleviation, Bernard Doro.

The visit was organised to give the international partners an opportunity to directly assess the humanitarian situation in Borno State and observe ongoing recovery and development efforts following years of conflict.

During the visit on Tuesday, the delegation was taken on a tour of key projects implemented by the Zulum administration in the areas of education, healthcare and human capital development. The tour was led by the Acting Governor of the state, Umar Usman Kadafur.

Addressing journalists after the tour, the UN Resident and Humanitarian Coordinator praised Governor Zulum for what he described as visible and impactful infrastructure development across the state. He noted that the projects showcased a different narrative from the usual focus on security challenges in the region.

According to Fall, initiatives in education, vocational skills training, girl-child education and malnutrition treatment demonstrate deliberate efforts to improve the lives of residents and address the underlying causes of the humanitarian crisis. He stressed that sustained investment in education remains critical to long-term peace and development in the state.

Also speaking, the Minister of Humanitarian Affairs and Poverty Alleviation expressed satisfaction with the level of progress recorded in Borno despite more than a decade of conflict. He commended the governor’s leadership, describing the facilities visited as practical tools for empowering residents and lifting them out of poverty.

The minister added that the vocational centres, comprehensive schools and other social infrastructure reflect a strong commitment to recovery, resilience and inclusive development in the state.

Zulum Receives Seven Ambassadors, UN Officials on Humanitarian Visit to Maiduguri

Continue Reading

News

Reckless police teargas firing sparks fire outbreak in Katsina cement shop

Published

on

Reckless police teargas firing sparks fire outbreak in Katsina cement shop

By: Zagazola Makama

A routine police patrol in Katsina State on Monday degenerated into a fire incident after officers recklessly fired teargas into a cement shop, causing a blaze and injuring a trailer driver in Charanchi Local Government Area.

Zagazola Makama learnt that the incident occurred at about 6:00 p.m. on Feb. 2, when personnel attached to the Malumfashi Division intercepted an unregistered cement trailer while returning from special duty en route from Katsina to Malumfashi.

Witnesses said that instead of handling the traffic offence with restraint, the patrol team fired teargas, which strayed into a nearby cement shop owned by Umar Abdullahi, and ignited a fire.

“The teargas landed inside the shop and immediately started a fire. People ran out in panic. We had to struggle to put it out,” a resident said.

The fire destroyed some goods before it was eventually extinguished by residents and emergency responders.

The trailer driver, Gambo Abdurrahman, of Gidan Dawa, Katsina, also sustained a fracture on his right leg during the incident. He was rushed to General Hospital, Kankia, and later referred to an Orthopaedic Hospital for specialist treatment.

Police sources confirmed that the situation had been brought under control and that the officers involved had been defaulted for disciplinary action.

“The Command has ordered a full investigation into the reckless use of teargas that led to the fire outbreak and injury. Appropriate sanctions will follow,” a senior officer said.

Reckless police teargas firing sparks fire outbreak in Katsina cement shop

Continue Reading

News

Terrorists kill scores in Kwara village attack – lawmaker

Published

on

Terrorists kill scores in Kwara village attack – lawmaker

By: Zagazola Makama

Scores of persons were killed in a terrorist attack on Woro Village in Kaiama Local Government Area of Kwara State, the lawmaker representing Kaiama in the State House of Assembly, Hon. Saidu Baba Ahmed, has confirmed.

Ahmed who disclosed this on Wednesday said that the death toll had risen to 35 as of this morning, while many residents were still missing in the surrounding bush after fleeing the community during the attack.

“I’m on my way to Woro where the mayhem took place yesterday, along with a detachment of soldiers from Ilorin. I have also been informed that other soldiers are following the attackers. I’m glad to say that I spoke with the Emir this morning and he is alive,” he said.

Security sources said the attack occurred on Feb. 3 at about 7:07 p.m., when terrorists suspected to be Boko Haram Jama’atu Ahlis Sunna Lidda’awati wal-Jihad (JAS) stormed Woro, setting houses and shops ablaze as residents fled in panic.

The assailants reportedly withdrew after spotting an approaching aircraft, but intelligence indicates they may still be lurking nearby and could attempt to return once security pressure eases.

Meanwhile, security sources warned that terrorist operations are escalating across the North-West and North-Central, with attacks spreading into border communities with the Republic of Benin, particularly in Kwara and Niger States.

The sources noted that terrorists infiltrating from the Sahel axis have merged with local criminal groups. Two major groups – JNIM/AQIM and IS Sahel are said to be competing for territory, using forest corridors and borderlands as launch pads for further attacks.

While parts of the North-West face encroachment from ISIS-linked elements along Niger’s borders with Sokoto and Kebbi, JNIM’s operations reportedly stretch from the W–Arly–Pendjari (WAP) Forest Complex into Benin, diverting into North-Central Nigeria.

Zagazola stressed that containing the threat requires strong regional cooperation, describing the violence as part of a wider Sahelian security crisis rather than an isolated state-level problem.

Terrorists kill scores in Kwara village attack – lawmaker

Continue Reading

Trending

Verified by MonsterInsights