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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
21 villagers abducted in kano communities as Security forces intensify search operation
By: Zagazola Makama
Twenty-one persons have been abducted by suspected bandits in three villages of Tsanyawa Local Government Area of Kano State.
Zagazola Makama learnt that the coordinated attacks occurred in Sundu, Biresawa and Masaurari villages.
According to community members, two women were taken from Sundu, while five women and two children were abducted at Biresawa.
In Masaurari, nine men and one woman were reportedly seized, bringing the total number of abducted persons to 21 comprising nine men, eight women and two children.
The Police Command in Kano confirmed the attack noting that efforts had been intensified to rescue all victims unhurt.
The sources added that additional operatives had been deployed to the affected axis, while the area was being combed in collaboration with local vigilance groups and other security agencies.
The command assured residents of its commitment to restoring peace and urged the public to provide credible information that could aid ongoing operations.
21 villagers abducted in kano communities as Security forces intensify search operation
Ammunition falls from moving vehicle near ABU Zaria, eyewitnesses suspect supplies for bandits
By: Zagazola Makama
Passersby and students of Ahmadu Bello University (ABU) Zaria were startled on Tuesday when several rounds of ammunition reportedly fell from a moving passenger bus along the Zaria–Katsina highway.
Zagazola Makama understand that the incident occurred directly in front of ABU Zaria’s main gate, causing brief panic among pedestrians and motorists.
One of the witnesses, who simply identified himself as Musa, said the ammunition fell from a commercial vehicle heading towards Katsina.
“We suddenly saw the bullets drop from the bus as it sped past the gate. Before people could understand what happened, the vehicle had already disappeared,” he said.
He added that some bystanders quickly gathered the ammunition and alerted security operatives stationed around the area.
Another eyewitness, a student who preferred not to be named, described the incident as “strange and frightening,” noting that many feared the ammunition could be linked to supplies to armed groups operating in parts of Kaduna and Katsina States.
Security personnel later arrived at the scene and recovered the ammunition.
Ammunition falls from moving vehicle near ABU Zaria, eyewitnesses suspect supplies for bandits
Security forces arrest “Gwandara” notorious kidnap kingpin, logistics supplier in Bwari Abuja
By: Zagazola Makama
Security forces have arrested a notorious kidnapper and major logistics supplier to bandits identified as Y’au Ibrahim Dauda, popularly known as “Gwandara 01”.
Zagazola Makama gathered that the suspect was apprehended by the Scorpion Squad at about 5:40 p.m. on Thursday in Bwari following actionable intelligence.
According to sources , Dauda has been on the wanted list of security agencies for his alleged role in several coordinated kidnapping operations within the FCT, particularly across the Bwari axis, from 2024 to date.
Investigations further linked him to multiple abductions around the Garam area of Tafa LGA in Niger State and Bwari, including the kidnapping of a pastor in 2024 at the El-Rufai Estate, near the Nigerian Law School, Bwari.
The sources said that efforts are ongoing to apprehend other fleeing members of the gang and recover their weapons.
Security forces arrest “Gwandara” notorious kidnap kingpin, logistics supplier in Bwari Abuja
21 villagers abducted in kano communities as Security forces intensify search operation
Ammunition falls from moving vehicle near ABU Zaria, eyewitnesses suspect supplies for bandits
Security forces arrest “Gwandara” notorious kidnap kingpin, logistics supplier in Bwari Abuja
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